MOSCOW, March 22 (RIA Novosti) - Russia's financial markets oversight agency said Wednesday it had registered a $4-billion additional issue of common shares by hydroelectric company HydroOGK.
The nominal value of one HydroOGK share will be one ruble ($0.036), the press service of the Federal Service for Financial Markets said.
The Unified Energy System (UES) board of directors in late February approved the flotation of HydroOGK, a 100% subsidiary of the electricity monopoly, on Russian and foreign stock markets.
Established in December 2004, HydroOGK holds 15 stakes in Russian hydroelectric power plants, or half of the country's total hydroelectric resources.
