TNS energo Group of Companies has forwarded a mandatory offer to JSC Marienergosbyt to acquire its ordinary shares

The Board of Directors of Mari El Energy Retail Company (JSC Marienergosbyt) states that the mandatory offer does not indicate any plans to make changes to the Company’s primary activities or in the number of employees working for the Company.

Earlier, in line with Article 84.9 of the Federal Law On Joint Stock Companies, JSC GC TNS energy had sent a mandatory offer (public offer) to the Federal Service for Financial Markets in Russia, for approval related to the purchase by JSC GC TNS energy of the ordinary shares owned by Mari El Energy Retail Company.

This commitment arose after JSC GC TNS energy had taken possession of more than 30% of the voting shares of the sales company.