Tuesday, July 31, 2007

UES to sell 25 pct stake in Power Machines

(Reuters) - Chubais's announcement comes after sources said on Friday
that Interros, the holding company of Vladimir Potanin and
Mikhail Prokhorov, had agreed to sell its 30.4 percent stake in
Power Machines to steel magnate Alexei Mordashov.




UES and Germany's Siemens both have a right of
first refusal on the Interros stake in Power Machines. Siemens
has declined to comment on whether it would make use of it.


Read more at Reuters.com Mergers News

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