Former electricity monopoly RAO Unified Energy System of Russia (EESR.RS) may postpone the sale of a 28.9% state-owned stake in territorial generation company TGK-11 (TGKK.RS) following potential investors' request, the newspaper Vedomosti reported Thursday.
Former electricity monopoly RAO Unified Energy System of Russia (EESR.RS) may postpone the sale of a 28.9% state-owned stake in territorial generation company TGK-11 (TGKK.RS) following potential investors' request, the newspaper Vedomosti reported Thursday.
It cited unnamed sources close to TGK-11 as saying that investors interested in TGK-11 won't be able to put together documents for an antitrust permission on time for the sale, scheduled for the middle of March.
A spokesperson for the antitrust body, FAS, confirmed to the paper that FAS hasn't received any applications from TGK-11 potential buyers. A UES spokeswoman told Vedomosti she wasn't aware of any requests to postpone the sale.
There are four potential bidders for the stake.
UES will hold a board meeting Feb. 29 to decide on several outstanding issues, including the minimum price for TGK-11 shares.
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