OREANDA-NEWS. March 26, 2007. Norilsk Nickel Group completed the acquisition of a part of OJSC OGK-3 additionally issued shares. The stake of 17,836,343,101 shares was bought at RUB 4,54 (USD 0,175) per share. Total cash consideration amounts to RUB 80,976,997,679 (USD 3,121,360,043), reported the press-centre of  Norilsk Nickel Group.

Total number of OGK-3 additionally issued ordinary shares was 18 billion, including 163,656,899 shares bought at the same price by the existing OGK-3 shareholders executing their pre-emptive rights.

After completion of the transaction Norilsk Nickel Group owns 46.2% of OGK-3 share capital, while the share of RAO UES has reduced to 37,1%, and minority interest has reached 16,7%.

As provided by the Russian law within 35 days after the completion of the transaction, Norilsk Nickel will make a mandatory offer to OGK-3 shareholders to acquire their shares in OGK-3 at the price not lower than Norilsk paid for the shares of the last additional issue.