MOSCOW, September 30 – Novosti. Russian President Vladimir Putin issued a permit to Lukoil and the Gazprombank-Fresia investment fund to buy 56.43% in Enel Russia from the Italian Enel, the corresponding order was published on the official Internet portal of legal information.
“To allow PJSC “Oil company” Lukoil” to purchase 9,525,652,231 ordinary shares of PJSC “Enel Russia” owned by JSC Enel S.p.A. (Enel SpA); AAA Capital Management JSC, acting as a trustee of the closed combined mutual investment fund Gazprombank – Freesia, purchases 10,434,826,240 ordinary shares of PJSC Enel Russia, the document says.
The authorized capital of Enel of Russia consists of 35,371,898,370 shares. Thus, Lukoil acquires 26.93% of the shares, the Gazprombank-Freesia fund – 29.5%, in total – 56.43%.
In mid-June, Enel announced that it had entered into an agreement to sell its 56.43% stake in Enel Russia to Lukoil and the Gazprombank-Freesia fund for a total of about 137 million euros. However, the deal was blocked by a decree of the President of the Russian Federation dated August 5 on a ban on transactions with shares of Western investors in Russian energy companies, and its completion is possible only with special permission from the head of state.
The production branches of Enel Russia include three gas stations: Konakovskaya, Nevinnomysskaya and Sredneuralskaya GRES. The total installed capacity of the company’s stations is 5.74 gigawatts of electricity generation and 2,000 gigacalories per hour of heat (the figures also include the Azov wind farm with an installed capacity of 90 megawatts).
