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Garant Energo sells stake in Energosbyt Rostovenergo

On May 16, Garant Energo LLC withdrew from OJSC Energosbyt Rostovenergo selling its equity stake in the company, Energosbyt Rostovenergo informed.

Prior to the sale, Garant Energo owned 14.16% of the power supply company's shares.

OJSC Energosbyt Rostovenergo (tax number: 6168002922) established in 2005 is principally engaged in the purchase and sale of electricity to consumers in Rostov region. The company qualifies as the last resort supplier in the regional retail electricity market.

According to the DataCapital information retrieval system, RAS net profit of OJSC Energosbyt Rostovenergo for 2013 decreased by 19.44% to RUB 162.647 million from RUB 201.898 million the year before. Revenue increased by 57.23% to RUB 28.12 billion from RUB 17.885 billion, sales profit dropped 3.76 times to RUB 445.757 million from RUB 1.675 billion, pre-tax profit grew by 1.83% to RUB 283.111 million from RUB 278.03 million.

Garant Energo LLC (tax number: 7709782777) has been a professional participant of the wholesale electricity and capacity market since 2008 providing comprehensive electricity and capacity wholesale and retail purchase services to consumers. Over its existence, the company has brought enterprises operating in Moscow region, Ivanovo, Nizhny Novgorod, Vladimir, Oryol, Kostroma, Astrakhan regions and the Chuvash Republic to the wholesale market.

"AK&M", 30.05.2014


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