RusHydro announces the results of the Board of Directors held in absentia on September 20, 2012.
The Board considered the issue of expediency of disposal of a number of its core assets that operate in adequately competitive environment. The proposal was initiated by representatives of the majority shareholder – Russian Federation – in RusHydro’s Board of Directors following the government directive.
Given the fact that the all core assets enable the Company to pursue its main goals and activities as defined by its Articles of association and guarantee the reliability and safety of Russian power system as a whole, the Board resolved that it’s not expedient to divest any core assets.
