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Dubai World may face rival bid for OGK-1
- United Arab Emirates: Tuesday, July 08 - 2008 at 11:25
OGK-1 CEO Vladimir Khlebnikov said Dubai World and its partner may face competition for the Russian power generator as another group of investors is preparing a bid, reported Bloomberg. Dubai World and Moscow-based Roskommunenergo have until Oct. 1 to structure the purchase of a controlling stake, Khlebnikov said. Roskommunenergo last month offered $5.3bn for about 75% of OGK-1.
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Jeff Florian, Senior ReporterTuesday, July 08 - 2008 at 11:25 UAE local time (GMT+4)
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