On October 1, OJSC Kaluga Energy Management Company (KEUK) acquired from OJSC Kaluzhskaya Sbytovaya Kompaniya 3,896,900 its voting shares, the latter company informed.
The decision to divest the said common shares by selling them at a price equal to, or above their market value, according to the MICEX Stock Exchange as of the transaction date was made at the session of Kaluzhskaya Sbytovaya Kompaniya's Board of Directors on September 30.
OJSC Kaluzhskaya Sbytovaya Kompaniya (English: Kaluga Power Sales Company) is a last resort power supplier in Kaluga region. The enterprise was established on April 1, 2004 through a spin-off from the restructured OJSC Kalugaenergo. The company is principally engaged in the purchase of power in the wholesale and retail market and its sale to consumers.
According to the information and retrieval system DataCapital, RAS net profit of the company for H1 2013 increased by 92.85% to RUB 41.576 million from RUB 21.559 million in H1 2012. Revenue grew by 11.8% to RUB 6.635 billion from RUB 5.935 billion, sales profit by 45.67% to RUB 132.391 million from RUB 90.884 million, pre-tax profit by 91.54% to RUB 53.789 million from RUB 28.083 million.