TGC-10 Completes Establishment of its Target Corporate Structure
OREANDA-NEWS. OAO "TGC-10" has completed the establishment of its target corporate structure. The Company received from Tyumen City Inspectorate No. 3 of the Federal Tax Service of Russia certificates of termination of the following legal entities' activities – OAO "Chelyabinsk Generation Company" and OAO "TGC-10" -- due to the completion of their merger with and into OAO "Tyumen Regional Generation Company".
The surviving entity, OAO "Tyumen Regional Generation Company", was renamed to OAO "TGC-10" (such name change was approved by the joint General Meeting of shareholders in OAO "Chelyabinsk Generation Company", OAO "TGC-10", and OAO "Tyumen Regional Generation Company" held 6 October 2006).
Also, the shares in the merged RGCs were converted today into shares in OAO "Tyumen Regional Generation Company" (OAO "TGC-10"), and all merged companies' shareholders became shareholders in OAO "TGC-10".
As a result of the merger, RAO "UES of Russia" now holds a 81.6% stake in TGC-10. TGC-10 shares are expected to start trading on the RTC and MICEX stock exchanges in February 2007.
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