Finance
Lukoil to transfer power assets to subsidiary EL5-Energo
Published by Global Banking and Finance Review
Posted on November 12, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 12, 2025
1 min readLast updated: January 21, 2026
EL5-Energo, controlled by Lukoil, plans a merger with VDK-Energo and Lukoil-Ecoenergo, aiming to boost growth through asset management.
MOSCOW (Reuters) -Russian power company EL5-Energo, which is majority controlled by oil major Lukoil, said on Wednesday that it planned to merge with two of Lukoil's other power assets.
The shareholders of EL5-Energo will consider the merger with VDK-Energo and Lukoil-Ecoenergo on December 26, the company said.
"The acquisition of new assets and their effective management will become a key driver of EL5-Energo's business growth," the statement said.
It said that the board of directors proposes to buy out shares from shareholders who disagree with the deal at price of 0.5653 roubles ($0.0070) per share.
($1 = 81.3000 roubles)
(Reporting by Anastasia Lyrchikova; Editing by Guy Faulconbridge)
A merger is a business combination where two companies join to form a new entity, often to enhance competitiveness and efficiency.
Power assets refer to facilities and equipment used for generating, transmitting, and distributing electricity.
A subsidiary is a company that is controlled by another company, known as the parent company, typically through majority ownership.
A buyout proposal is an offer made to purchase the shares of a company, often to gain control or ownership.
Effective management involves coordinating and overseeing the operations of a business to achieve its goals efficiently.
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