Edition:
India

Russia's Rushydro To Buy 7.68% Stake In Sakhalin Energy Company From Rosneft


Thursday, 2 Jul 2020 

July 2 (Reuters) - Russian hydro-power firm Rushydro :SAYS ITS BOARD HAS APPROVED A DEAL TO BUY 7.68% SHARES IN SAKHALIN ENERGY COMPANY FROM ROSNEFT <<>> FOR 1 BILLION ROUBLES ($14.20 MILLION).AS A RESULT, RUSHYDRO'S STAKE IN SAKHALIN ENERGY COMPANY WILL INCREASE TO AT LEAST 34.62%.THE BOARD HAS ALSO APPROVED TRANSFER OF THE STAKE IN SAKHALIN ENERGY COMPANY TO ITS UNIT, RAO ENERGY SYSTEMS OF THE EAST, IN ORDER TO SUBSEQUENTLY CONSOLIDATE CONTROLLING STAKE IN SAKHALIN ENERGY COMPANY WITHIN SAKHALINENERGO.