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23.03.2011 SUEK to pay out $800 m to shareholders for purchasing its energy assets


SUEK plans redemption of up to ten per cent of its stock for $800 m. Sergey Popov and Andrey Mel’nichenko,

the shareholders, intend to use the money for purchasing energy assets from the company. This will start the reorganization of SUEK before its IPO scheduled for the second halfyear. The shares redempt will be nullified later, Kommersant newspaper comments.


Theme:  Finance/Coal/Kuzbass


Source:   metcoal.ru  

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