Related-party transaction of Inter RAO
Moscow, June 29, 2017 - Public Joint Stock Company "Inter RAO UES" ("Inter RAO", "Company", ticker on MOEX: IRAO), the largest diversified utilities holding in Russia, announces that on June 28, 2017 Inter RAO (Lender) has executed the Loan Agreement with Joint Stock Company «Territorial Generation Company No. 11» (Borrower).
Maximum amount of the transaction is 7,550,000,000 RUB, including interest on loan (approx. £ 100,613,006 or 1.72 % of the book value of Inter RAO assets).
The Loan is granted to the Borrower for a period not exceeding 4 (Four) years, from the date of the first loan disbursement by the Lender in accordance with the Loan Agreement as of June 28, 2017.
This transaction is considered a related-party transaction for Inter RAO according to the legislation of the Russian Federation and was approved by the Board of Directors of Inter RAO on December 29, 2016.
The foregoing information is disclosed in compliance with the Securities Act of the Russian Federation.
For further information, please contact Inter RAO:
Larisa Sadovnikova Head of Investor Relations +7 495 664-88-40 (ext. 2068)
Anton Nazarov Head of Public Relations +7 495 664-88-40 (ext. 2208)
Svetlana Chuchaeva Head of Corporate Relations +7 495 664-88-40 (ext.2081)
Inter RAO is a diversified utilities holding headquartered in Moscow and managing assets in different countries. The company produces and sells electric energy and heat, trades energy on the international market, and engineers, designs and builds generating assets. Inter RAO Group owns and operates approximately 32 GW of installed power generating capacity. Inter RAO corporate strategy is focused on making the company a global energy enterprise and a key player in the international energy market.
For further information see www.interrao.ru
This information is provided by RNS