The Arbitration Court approved the settlement agreement between the NK Rosneft and TGC-11 to the conflict surrounding the Tomskenergo
By admin at 15 July, 2009, 7:05 pm
At a July 15, 2009 hearing, the Federal Arbitration Court of Moscow District has approved a settlement agreement on the settlement of the conflict between corporate NK Rosneft and TGC-11 that has arisen from the results of the latest reorganization, the report says INTER RAO UES.
The subject of the conflict were the conditions of accession to the TGK-11 OAO Tomskenergo, which did not satisfy the last blocking shareholder - NK Rosneft, through its 100% subsidiary of JSC Oil-Active.
Resolving protracted conflict has been made possible through the active involvement of the Ministry of Energy of the Russian Federation, on behalf of whom a third party to resolve the dispute was brought to JSC INTER RAO UES, said the company.
As a result of negotiations conducted by JSC INTER RAO UES and NC Rosneft with interested parties, able to agree on terms of compensation for financial losses incurred by NK Rosneft in blocking the conversion of shares of OAO Tomskenergo in a minority stake in OAO TGC-11, and get off at the signing of the settlement agreement.
INTER RAO UES of Russia is interested in consolidation of a controlling stake in TGK-11 in the framework of realization of priority directions of its development strategy: building the business segment, generating and optimizing the infrastructure of cross-border trade in electricity, it is noted in the message.
At present JSC INTER RAO UES, has started a series of activities in this direction. Jun 29, 2009 100% subsidiary of JSC INTER RAO UES - JSC INTER RAO UES Baltija - filed in the Federal Antimonopoly Service of the Russian Federation an application for the acquisition of 97.41% of voting shares in OAO TGC-11 , and July 9, FAS decided to meet him.
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