11/03/2020 12:17
Tashir Group acquires shares of Sevan-Hrazdan hydro power plant
RusHydro completed the sale of International Energy Corporation’s shares, the owner of Sevan-Hrazdan hydro power plant, RIA Novosti reports citing the company representative.
“The strategic transaction – the selling of shares of International Energy Corporation, belonging to RusHydro, to Hrazdan Energy Company, belonging to Tashir Group of companies – has been completed,” the company’s statement says.
“As a result of transaction the financial debt level of RusHydro reduced by 4 billion rubles and the currency risks of the loan portfolio of the group have been completely excluded,” the statement said.
According to the contract, the cost of the 527 thousand shares made 172 million rubles.