Interros Sells Its Stake in Power Machines to Highstat Ltd
OREANDA-NEWS. The Interros company had completed a deal for the sale of its stake in "Power Machines" (some 30% share including additional shares placed under the last concern’s issuance) to Highstat Limited company controlled by Alexey Mordashov, the Interros press-service reported. The price of the deal is based on current stock market price of Power Machines shares.
According to Interros, RAO UES and Siemens informed Interros previously that they would not exercise their preemptive right toward the Power Machines stake buyout.
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