AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Deripaska Loses UES Board Bid.

Europe Intelligence Wire

| July 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From The Moscow Times)

ZELENOGRAD, Moscow Region -- Metals tycoon Oleg Deripaska failed in his bid to be elected to the board of Unified Energy Systems, headed by his rival Anatoly Chubais.

The new 15-member board voted in at the UES annual shareholder meeting Wednesday counts 10 government representatives, as well as five strategic investors --Yevrazholding, Gazprom, ESN Energo, Interros and MDM Bank.

"We are more than satisfied with the results of the meeting," UES CEO Chubais said at a briefing. "There were no strategic changes in the board of directors and this is good."

But Chubais did say he regrets that Seppo Remes, director of Vostok Nafta Investment, and David Herne, managing director of Halcyon Advisors, were not elected. Both men have served on previous UES boards.

At the same time Chubais welcomed the election of strategic investors such as Gazprom executive Kirill Seleznyov and ESN Energo general director Grigory Beryozkin, without elaborating.

Asked whether it was positive that neither Russian Aluminum owner Deripaska nor his ...

Related articles from newspapers, magazines, journals, and more
Enel ESN Energo seeks $125 mln to complete Northwest Power Plant.
Newspaper article from: Energy News June 28, 2004 700+ words
Enel ESN Energo seeks $125 mln to complete Northwest...Russian-Italian consortium Enel ESN Energo will seek $125 million to complete the...2004," he said. UES said that Enel ESN Energo would greatly improve the effectiveness...
Enel, ESN Energo may manage Northwest plant for 4 years.
Newspaper article from: Energy News February 24, 2004 700+ words
Enel, ESN Energo may manage Northwest plant for 4 years MOSCOW. Feb 24 (Interfax) - OOO Enel ESN Energo, a subsidiary of a consortium of Italy's Enel and Russia's ESN Energo, may manage Northwest Thermal Power Plant in four years, beginning...
CORRECTED-Enel, ESN Energo may manage Northwest plant for 4 years.
Newspaper article from: Energy News February 24, 2004 700+ words
CORRECTED-Enel, ESN Energo may manage Northwest plant for 4 years MOSCOW. Feb 24 (Interfax) - OOO Enel ESN Energo, a subsidiary of a consortium of Italy's Enel and Russia's ESN Energo, may manage Northwest Thermal Power Plant for four...
Enel, ESN-Energo win Northwest Thermal Power Plant tender.
Newspaper article from: Energy News February 24, 2004 700+ words
Enel, ESN-Energo win Northwest Thermal Power Plant tender MOSCOW. Feb 24 (Interfax) - A consortium of Italy's Enel and Russia's ESN-Energo has been declared the winner of a tender to manage Northwestern Thermal Power Plant, UES executive...
Enel, ESN-Energo win Northwest Thermal Power Plant tender (part 2).
Newspaper article from: Energy News February 24, 2004 700+ words
Enel, ESN-Energo win Northwest Thermal Power Plant tender (part 2) MOSCOW. Feb 24 (Interfax) - A consortium of Italy's Enel and Russia's ESN-Energo has been declared the winner of a tender to manage Northwest Thermal...
No radical changes to UES board - Chubais.
Newspaper article from: Energy News June 30, 2004 700+ words
...elected, Chubais said. Chubais said he was pleased the new...electricity utility Mosenergo. Chubais refused questions about Gazprom...Grigory Berezkin, the head of ESN-Energo, has experience in the power...this is also a plus for UES, Chubais said. Basic Element, the...
RUSSIA - Profile - Anatoly Chubais
Newspaper article from: APS Review Downstream Trends August 31, 1998 700+ words
Of a Jewish parent and aged 42, Chubais has become very wealthy and is the CEO...and was elected as CEO in late April. Chubais was brought back to the government in...fund's $22.6 bn bailout package. Chubais had made a surprise return to the Kremlin...
UES to vote on genco spin-offs this year - Chubais (Part 2).
Newspaper article from: Russia & CIS Business and Financial Newswire March 14, 2006 700+ words
...vote on genco spin-offs this year - Chubais (Part 2) MOSCOW. March 14 (Interfax...s reorganization in 2006, Anatoly Chubais, the UES chief, told Interfax. "We expect to do this," Chubais said. UES originally planned to complete...
For more facts and information, see all results
©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA