On April 18, UES is to auction off its share package in Volgogradenergosbyt. We do not have official recommendations on power distribution grids, due to high risks involved in investments in these companies. However, investments in Volgogradenergosbyt could yield high returns, given the asset's attractiveness and the possible sale of its share package to Lukoil at an auction on April 18 at a price exceeding the starting bid. The purchase of the share package at an auction will entail making an obligatory buyout offer, which should prop up the company’s stock valuations. However, investments in this company may also be fraught with high risks.
Konstantin Reily
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Sector:
Power Utilities,
Distribution Grids
Company:
Volgogradenergo
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