Enel tries to climb on the Russian OGK-5

The tender offer for OGK-5, generating companies in Russia, à ¨ game and the group Enel, through the Dutch Eih (Enel Investiment Holding), in which already holds 37.15% stake in the Russian energy company, seeks to detect the remaining 62.85% providing for the acquisition of shares, about 4.4275 rubles each for a total of about 98.427 billion rubles correspond to about 2.742 billion euros. According to Russian legislation, as Enel participant over 30% of the capital it à ¨ obliged to submit a purchase offer to gain full control. Enel, in fact, already in the ¨ pssesso of 37.15% and was therefore necessary participate op with adequate supply. The price of 'move has been offered determianto maximum value paid by the offeror, for OGK-5 shares in the last six months of treatment. In a note Enel made it known in a statement that "the obligation of making of 'Opa since their results exceeded the threshold of 30% stake in OGK-5 by Eih, following the purchase of a stake equal to about 17.15% of the capital itself perfezionatosi on 26 October 2007. OGK-5 à ¨ present on the Russian territory with various plants and ¨ one of six Russian companies for privatization of generation. On its position in the Russian market segment group Enel "à ¨ was the first foreign operator to win in generation assets in the process of liberalization and privatization", and with regard to op, Enel intends " strengthen the group's position on the Russian market. " Indeed Enel à ¨ present in Russia with 40% of Severnaya Energia consortium of which the remaining 60% à ¨ Eni, and again, ¨ à share to 49.5% of RusEnergoSbyt, fonitore dominant power in the country.

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