On October 31, JSC Centerenergyholding withdrew from JSC RAO Energy System of East selling its whole 7.82% stake, Centerenergyholding informed.
The withdrawal decision was motivated by the genco's intention not to pay the dividends. As a result, its preferred stockholders qualified for voting on all the items on the agenda at the shareholders' meeting, resulting in a lower voting power represented by Centerenergyholding's voting shares.
JSC Centerenergyholding (tax number: 7729604395) is principally engaged in the management of holding companies. The company's authorized capital as of the end of Q3 2012 was RUB 430.523 million (represented by 43,052,299,755 common shares at par value of RUB 0.01). The company's major shareholder is Gazprom energoholding LLC (99.21%).
IFRS net profit of JSC Centerenergyholding for H1 2013 was RUB 709 million against a loss RUB 4.41 billion the year before. Revenue grew by 9.57% to RUB 52.765 billion from RUB 48.157 billion, profit from operations 2.95-fold to RUB 5.414 billion from RUB 1.833 billion, pre-tax profit was RUB 1.954 billion against a loss of RUB 5.475 billion.
According to the information and retrieval system DataCapital, IFRS net profit of JSC Centerenergyholding for 2012 was RUB 1.427 billion against a loss of RUB 2.662 billion the year before. Revenue decreased by 0.54% to RUB 104.336 billion from RUB 104.901 billion, profit from operations increased 3.91-fold to RUB 6.404 billion from RUB 1.638 billion, loss before tax was RUB 1.4 billion against a profit of RUB 1.397 billion.
JSC RAO Energy System of East (RAO ES of East, tax number: 2801133630) was established on July 1, 2008 as a result of the reorganization of RAO UES of Russia. JSC RusHydro owns 75.23%, Vostok-Finance holds 1.89% in RAO ES of East. The company owns blocks of shares in power companies of the Far East such as: OJSC DVEUK, OJSC DEK, OJSC AK Yakutskenergo, OJSC Magadanenergo, OJSC Kamchatskenergo, OJSC Sakhalinenergo. Besides, RAO ES of East owns blocks of shares in OJSC Peredvizhnaya Energetika and some non-core companies of RAO UES of Russia transferred to the Holding under the dividing balance sheet.
IFRS net profit of JSC RAO Energy System of East for H1 2013 was RUB 2.68 billion against a loss of RUB 5.766 billion the year before. Revenue grew by 4.53% to RUB 75.841 billion from RUB 72.557 billion, profit from operations was RUB 5.243 billion against a loss of RUB 5.033 billion for the same period in 2012, pre-tax profit totaled RUB 3.037 billion against a loss of RUB 7.049 billion.
According to the information and retrieval system DataCapital, RAS net loss of JSC RAO Energy System of East for 9 months 2013 increased 8.16-fold to RUB 6.142 billion from RUB 752.232 million the year before. Revenue grew by 28.86% to RUB 885.394 million from RUB 687.115 million, sales loss by 2.01% to RUB 211.576 million from RUB 207.406 million, loss before tax 8.61-fold to RUB 6.068 billion from RUB 705.112 million.
AK&M "M&A Market"
"AK&M", 01.11.2013 14:11