OREANDA-NEWS. January 15, 2008. MGEsK OJSC and MOESK OJSC have named OTKRITIE FC OJSC as the winner of the contest to provide services for the restructuring of MGEsK OJSC by means of its incorporation into MOESK OJSC, the press service of OTKRITIE reported.

The framework of RAO UES Russia reorganisation includes restructuring the Moscow City Electric Grid Company (MGEsK) by means of incorporating it into the Moscow United Power Grid Company (MOESK) OJSC. According to OTKRITIE FC analyst estimates, the market capitalisation of the combined MOESK OJSC will total almost USD 5 billion. The scope of OTKRITIE FC advisers' responsibilities in this large-scale project will extend to include the entire requirements of interaction between the MGEsK OJSC and MOESK OJSC shareholders and creditors, drafting, basis and agreement terms and ratios for exchanging MGEsK OJSC securities for MOESK OJSC securities, and development of the schedule and further implementation of restructuring actions to comply with the current legislation.