Dubai World may face rival bid for OGK-1

United Arab Emirates: 26 minutes ago 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%... [read full story]                    

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