OREANDA-NEWS. May 31, 2010. RusHydro has closed a deal for the purchase of equity stakes in an array of electricity retail companies, owned by RAO ES of the East, says a press release from the company. The assets in question are 50.9% in Mosenergosbyt, 49% stakes in the St. Petersburg and Tambov energy retail companies, 49% in Saratovenergo and 100% in the Altai energy retail co.

The parties involved would not divulge the value of the transaction. Within 35 days, RusHydro is to present a buyout offer to minority shareholders in the previously mentioned retail companies.