North West | Energy, utilities | Finance, business

Lenenergo’s $167m prefs announced

29 Mar '10
Leningrad regional energy company Lenenergo has unveiled plans to float $167m worth of follow-on prefs in Q4 2010.

According to CEO Dmitry Ryabov, the preferred shares will “probably” be floated by private subscriprion.

The firm reportedly has plans to raise the funds to finance its $410m investment program this year.

Lenenergo is one of the largest electrical grid companies in Russia’s North-West. Holding MRSK reportedly owns 50.31% of the firm.
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