OREANDA-NEWS. On May 2, 2007, in accordance with Russian law OJSC Norilsk Zavenyagina Mining and Metallurgical Works, a company of the Norilsk Nickel Group, submitted to OJSC “The Third Generation Company of the Wholesale Electricity Market” (“OGK-3”) the mandatory tender offer for shares of OGK-3 at a price of 4.54 rubles per share.

According to the press service of “Norilsk Nickel”, the period in which the mandatory tender offer may be accepted by OGK-3 shareholders comprises 77 days from receipt of the mandatory tender offer by OGK-3.