RAO UES Reserve to Amount to RUB15.46 Billion
OREANDA-NEWS. The Board of Directors of RAO "UES of Russia" noted the information on the total reserve and the anticipated structure of the costs relating to the termination of operations and reorganization of RAO "UES of Russia", as well as the corresponding sources of income.
The reserve will amount to RUB15.46 billion, of which RUB5.6 billion may be used to finance the measures to terminate operations and carry out corporate procedures to reorganize RAO "UES of Russia", and RUB9.8 billion will be allocated to the "Contingent Obligations" reserve.
The reserve will be financed with the proceeds from future sales of assets and RUB2 billion in funds included in the subscription fee.
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