( RIA Novosti ) - Inter RAO UES, the Russian electricity monopoly's import and export operator, intends to hold an initial public offering (IPO) in 2009, the company's general director announced on Monday.
Yevgeny Dod said Inter RAO UES intended to register Global Depositary Receipts (GDRs) by the end of the first half of 2008 but declined to specify the IPO volume and GDR programs.
Currently, Unified Energy System (UES) holds a 60% stake in Inter RAO, and the other 40% belongs to state-controlled civilian nuclear power corporation Rosenergoatom.