On December 18, Energia United Trading and Procurement Company LLC acquired a 4.79% equity stake in JSC Arkhangelsk Sale Company, the latter company informed.
Prior to that deal, Energia had no equity position in Arkhenergosbyt.
JSC Arkhangelsk Sale Company (Arkhenergosbyt, tax number: 2901134250) was established on April 1, 2005 through a spin-off from OJSC Arkhenergo during the latter company's reorganization, and is the legal successor for obligations under power supply agreements concluded by consumers with the power supply branch of OJSC Arkhenergo. The company sells electricity to consumers in Arkhangelsk region.
The company's authorized capital is RUB 103.346 million represented by 1,715,146,860 common and 351,787,200 preferred shares.
According to the information and retrieval system DataCapital, RAS net profit of Arkhenergosbyt for H1 2013 increased by 21.32% to RUB 53.871 million from RUB 44.403 million for the same period in 2012. Revenue decreased by 0.85% to RUB 6.896 billion from RUB 6.955 billion, sales profit dropped 6.99-fold to RUB 58.363 million from RUB 408.185 million, pre-tax profit grew by 70.69% to RUB 52.753 million from RUB 30.906 million.
AK&M "M&A Market"
"AK&M", 25.12.2013 11:19