Kompleksniye Energeticheskiye Systemy, an energy holding, is going to acquire the majority holding from TGK-9 JSC via buying the extra issue of the company’s shares, General Director of KES Mikhail Slobodin announced at the press conference. The issue (to be offered in the end of 2006 or the beginning of 2007) is expected to come to something about $ 300-350 million.

Accorfing to Mr Slobodin, TGK-9 will have completed the rearrangement of shares ad assets by May 1, 20066, and its shares will have been offered publicly in June.