Dubai World and Russian energy trader OAO Roskommunenergo offered to buy newly deregulated Russian utility OAO OGK-1 for $5.34 billion. It would be the first investment in Russia’s energy industry from the Persian Gulf. Russia’s state-owned Unified Energy, which has raised $34 billion by selling assets since 2006, will cease to exist tomorrow. (Bloomberg)
The Bottom Line
June 30, 2008
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