Shareholders of FGC UES approved company's reorganization through the merger with Rosseti. Conversion ratio for Rosseti's ordinary shares is set at 0.09040/0.60580, and for preferred shares at 0.09040/1.27300. Combined company will be called Federal Grid Company-Rosseti, with abbreviated name Rosseti.

After merger with Rosseti, FGC may issue additional shares to finance the investment program, Andrey Ryumin, general director of Rosseti and, in the future, the merged company, told Interfax in an interview. Investment program is very large, especially if we are talking about projects of state significance, so we are asking to consider additional capitalizat...

FGC's Board of Directors recommended additional issue of 1.75 trillion ordinary shares to merge Rosseti with other electric grid companies. Сonversion ratio for Rosseti's ordinary shares is set at 0.09040/0.60580, for preferred shares - 0.09040/1.27300.

Boards of Directors of FGC and Russian Grids on August 3 will give recommendations to shareholders on the issue of the merger of the companies. Board of Directors of FGC will also specify the volume of additional issue of shares of the company for conversion of securities of Rosseti and other merging companies.