Actuality September, 18, 2007

The German business energy concern E.On applicated for the purchase of 60,8 percents of shares of the generating company

IGC-4

(Incorporated Generation Company) became the largest investment deal in Russian energy sector.

The head of Russian corporation Integrated Power System

of Russia Anatoly Chubays said that.

Germans are ready to pay 100 billion rubles for these shares ($3,9 billion).

E.On offered the highest price for one equity – 3,35 rubles, having paid for 5,6 % more than the market price of company.

Now E.On is interested in buying shares of additional issue of energy company, and it is planned to sell 21,9% of increased authorized capital stock

of IGC-4. In case of buying of all additional issue the German concern will get more than 69% of shares generating company.

It was reported earlier that company En+ controlled by Oleg Deripaska and Finnish company Fortum showed interest in buying IGC-4 shares.

However, only Fortum took part in auctions, but it offered less.
The E.On income made $89,4 billion in 2006, the IGC-4 income made about billion dollars (26,1 billion rubles). Proceeds from the sale of the assets of Russian corporation Integrated Power System of Russia will go to building fresh power capacities.

In summer 2007 the Italian company Enel won the auction of holding of shares of IGC-5 for $1,5 billion, and “Nornykel'” paid $3,08 billion for additional issue of 37,9% of the IGC-3 shares.