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Business news, 09.12.2005 15:42

UES Unit Flotation

ues Electricity monopoly Unified Energy Systems plans to float stocks worth between $700 million and $800 million in each of its three newly created power generating units — OGK-3, OGK-5 and TGK-3 — UES chief executive Anatoly Chubais said on Wednesday.

“If the government supports us, we are going to proceed with the IPOs and new share issues in 2006,” Chubais told reporters.

News source: times.spb.ru

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