RusHydro announces the acquisition of 3.39% of its own shares

The stake was obtained by JSC Hydroinvest, 100% subsidiary of RusHydro, via a swap for 25% stake in JSC Krasnoyarskaya HPP (or 97,775,000 common shares of the latter) with JSC Eurosibenergo. No cash was involved in the transaction from either side. The deal was approved by the governing bodies of RusHydro.

RusHydro purchased the stake in JSC Kranoyarskaya HPP in 2011 in exchange for 13,082,804,094 of own shares.

George Rizhinashvili, Deputy Chairman of the Management Board of RusHydro, commented: “The deal is in line with our strategy aimed at optimization of assets of the Group. We see ways for efficient use of the purchased shares for financing our investment needs”.