Russian electricity monopoly Unified Energy System and Germany’s Siemens have first option on acquiring the Interros stake in Power Machines (Siloviye Mashiny). “If neither company uses its right [to buy the stake], Iterros will strike a deal with a third company,” the investment group said in a news release. Power Machines produces, services, and upgrades equipment for steam, nuclear, hydro, and gas turbine power plants.
Minority shareholders account for about 19.5% of the company. Major shareholders are Unified Energy System (25% plus one share), Siemens (25% plus one share) and Vladimir Potanin’s Interros (30.4%, voted by UES). The company has clients in 87 countries. (rian.ru)
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
