Rus News Journal

" Gazprom " has blocked association of the Moscow electronetwork companies

Open Society " Gazprom " has blocked association of the Moscow incorporated electronetwork company (MOESK) and the Moscow city electronetwork company (MGESK), the day before having voted at meeting of shareholders MOESK against the decision ABT dopemissii actions MOESK which would allow MGESK to enter in MOESK, representative MOESK has informed News.

" Gazprom " as minority shareholder MOESK (28 % of actions) has blocked all decisions which should be accepted at meeting of shareholders MOESK, including on release dopemissii actions of the companies " - representative MOESK has told.

Thus, " Gazprom " has blocked creation of the Moscow electronetwork company into which actives MOESK, MGESK and network actives of the government of Moscow should enter.

Now a part of networks of a city of Moscow and area networks operates Open Society " MOESK " and capital networks - Open Society " MGESK " in which the Russian Open Society “United Power Systems“ belongs 50,9 % of an authorised capital stock, to structures of the government of Moscow - approximately 7,5 %, " to Gazprom " - 28,2 %.

the Head of the Russian Open Society " UES of Russia " Anatoly Chubays declared earlier that creation of the uniform electronetwork company of a city of Moscow and Moscow Region will pass in two stages and will come to the end in 2008.

" As a result of consolidation of electronetwork actives of Moscow and Moscow Region MOESK will let out dopemissiju actions, in its payment of the Russian Open Society “United Power Systems“ will bring actions " MGESK ". The Same will make also the government of Moscow and " Gazprom " - Chubays declared.

It is expected that as a result of these transformations after end of the first stage of consolidation MOESK becomes the head company of holding, and MGESK becomes its affiliated company, thus 86 % of actions MGESK will be at MOESK.

As Chubays marked, as a result of the first stage of association the Russian Open Society “United Power Systems“ will have 54 % MOESK, at the government of Moscow - 8 %, at " Gazprom " - 30 %. This stage will come to the end with spring of next year. Further the government of Moscow will RCV blocking package in the incorporated company at a rate of 25 %, Chubays has told.