AFK "Sistema" loses control over the networks.

The stake of AFK Sistema in Bashkir Power Grid Company is arrested.

In the case of the sale of the Bashkir fuel and energy complex assets the stake in Bashkir Power Grid Company (BESK) belonging to AFK "Sistema" was arrested after "Bashneft" and "Ufaorgsintez" shares. In 2012 BESK was spun off from "Bashkirenergo" and was bought by AFK together with the other companies of BashTEK, "Inter RAO" then got the generation of the region - the Bashkir generating company (BGK). But "Inter RAO" states that nothing happens to the BGK shares.

The "Bashkir Electric Grid Company" stake, owned by a subsidiary of AFK "Sistema" JSC "Sistema-Invest", has been arrested, AFK "Sistema" reported yesterday. According to the report, "Sistema-Invest" received a notice from the JSC "Reyestr" on the prohibition to charge the BESK shares from its personal account. The ban imposes a limitation on transactions with BESK securities, but does not restrict the right to vote at shareholders' meetings and to receive the dividends, AFK explains.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer