E.ON to buy Russian energy firm for $4 billion

16 Sep, 2007

German energy giant E.ON has won the bidding for a 69-percent stake in Russian electricity company OGK-4 with an offer of around four billion dollars (2.9 billion euros), officials said on Saturday.
"It is the biggest investment deal in the history of Russia's electricity sector," said Anatoly Chubais, the CEO of Russian electricity monopoly UES, according to ITAR-TASS news agency.

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