For sale offered block of shares of Power Supply Company of Moscow Region (EKSMO)

The Auction House of the Russian Federation (AHRF) within the framework of a five-year cooperation contract with the Ministry of Property Relations of Moscow Region was transferred for sale non-core assets – 49.95% of OJSC “Power Supply Company of Moscow Region” (EKSMO).
Starting price – 75 million rubles.

EKSMO was established in 2007 by the Government of Moscow Region and OJSC “Mosenergosbyt”, which owns a controlling block of shares.

The main activity of the company is the sale of electric power to industrial consumers as well as providing services for energy audit of enterprises and the creation of automated information and measuring systems for commercial accounting of electric power.
The company operates in Moscow, Tver’, Smolensk, Tula, Nizhny Novgorod and Omsk regions.

In addition to the block of shares, the Ministry transferred to AHRF for sale six objects of real estate:
- Four premises for street retail with total area of 171.6 sq. m. in Balashikha, Lyubertsy and Voskresenskoe Settlement;
- Building with land plot in the village of Red Pakhra;
- Property complex with plot with an area of 3.2 he in Noginsk.

The first bidding scheduled for the IV quarter of 2015.

For reference:
On 25 November, 2013 the Auction House of the Russian Federation won the tender of the Ministry of Property Relations of Moscow Region for the selection of the seller for the sale of property of Moscow Region. The contract between the parties is signed for 5 years: until 31 December, 2018 AHRF will be holding auctions for the sale in ownership blocks of share, shares in authorized capital, real estate and land plots, belonging to Moscow Region. In addition, AHRF is delegated the authority for land plots leasing.
For today within the framework of the given Contract deals are made for the total amount more than 1.2 billion rubles.
Until the end of 2015 the Ministry of Property Relations of Moscow Region is planning to transfer for sale the objects subject to privatization for total amount of about 700 million rubles and lease rights for more than 40 land plots for the objects of road service, industrial and commercial purpose for the amount of about 100 million rubles.