Central Asian Electric Energy Corporation completes transaction on purchase of shares of Akmola distributing electric network company

26.11.14 15:06
/KASE, November 26, 14/ – Central Asian Electric Energy Corporation JSC (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of November 25, 2014: quote Central Asian Electric Energy Corporation JSC completes the transaction involving purchase of 48.41% shares of Akmola distributing electric network company JSC from minority shareholders. Central Asian Electric Energy Corporation (CAEEC) purchased a 48.41% stake in Akmola distributing electric network company (ADENC), thus consolidating 100% of shares of the company. Earlier, in July 2014 51.59% shares of the Company were handed over to the share capital of CAEEC by its controlling shareholder – Central Asian Fuel and Energy Company". unquote The full press-release is available on KASE website in Russian at http://www.kase.kz/files/emitters/CAEP/caep_reliz_251114.pdf [2014-11-26]