Source Pravda.Ru

RAO UES not to fall long

A decrease in RAO UES securities will not last long and has almost stopped by now. According to an analyst with Zenit Bank, the market negatively reacted to the information on possible nationalization of the Sayano Shushenskaya hydroelectric power station. However, the future of the holding's shares will depend on a decision of the Supreme Arbitration Court on the petition of RAO UES, the analyst believe. Nationalization of the hydro power station is unlikely to happen since it might create a dangerous precedent for the revision of privatization results. According to him, RAO UES will fall by about 7 percent by the closing of today's trade.

According to an expert with NIKoil, possible nationalization of the Sayano Shushenskaya hydro power station proves that relations between RAO UES and the government have changed.

At the same time, an analyst with BrokerCreditService believes, that news on wholesale generating companies also affect RAO UES shares. According to him, recent statements made by the Russian Economy Ministry have proven that the interests of RAO UES shareholders are moving to the background and the interests of strategic investors with money are coming forward. In particular, Surgutneftegas expressed its wish to buy shares in wholesale generating companies for money.

As of 12:00 p.m. Moscow time, RAO UES fell by 5.17 percent to $0.28450 at the UTS and by 6.62 percent to 8.175 rubles (about $0.2832) on MICEX.

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