MOEK-Finance LLC reduced its equity position in OJSC Moscow Integrated Power Company to 0.4279% divesting 20,703,974 of MIPC voting shares, MIPC informed.
The company's stake decreased pursuant to a loan agreement.
Earlier, MOEK-Finance owned a 8.91% equity stake in MIPC.
OJSC Moscow Integrated Power Company (MIPC, name as per Articles, Russian: MOEK, tax number: 7720518494) supplies heat and hot water to 70% of residential and office buildings, industrial facilities and social institutions of Moscow. MIPC is present in all segments of the power market: production, distribution and sale of thermal energy as well as production of electric power.
IFRS net loss of OJSC Moscow Incorporated Power Company for 2012 dropped 9.69-fold to RUB 170 million from RUB 1.648 billion the year before. Revenue grew by 3.12% to RUB 93.526 billion from RUB 90.698 billion, operating profit decreased by 41.52% to RUB 1.366 billion from RUB 2.336 billion, pre-tax profit by 0.07% to RUB 1.474 billion from RUB 1.475 billion.
RAS net loss of OJSC Moscow Integrated Power Company (MIPC) for H1 2013 decreased 6.62-fold to RUB 801.617 million from RUB 5.308 billion the year before. Revenue grew by 22.34% to RUB 55.091 billion from RUB 45.029 billion, sales loss decreased by 7.94% to RUB 8.034 billion from RUB 8.727 billion, pre-tax profit was RUB 530.273 million against a loss of RUB 5.057 billion in H1 2012.
AK&M "M&A Market"
"AK&M", 04.10.2013 18:05