Interros Sell Stake in Power Machines to Highstat Limited Company
OREANDA-NEWS. On September 25, 2007 Interros completed the deal for the sale of its stake in "Power Machines" (about 30% including additional shares placed under the last concern’s issue) to Highstat Limited company controlled by Alexey Mordashov, reported the press-centre of Interros.
The price of the deal is based on the current stock market price of Power Machines shares. Previously, RAO UES and Siemens informed Interros that they would not exercise their preemptive right on the "Power Machines" stake buyout.
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