# Inter RAO increases stake in Russian Gas Turbines to 50%

Inter RAO increased its stake in the joint venture with GE, Russian Gas Turbines (RGT), from 25% to 50% by purchasing 25% from United Engine Corporation (part of Rostec). The deal value is undisclosed.

- Type: Acquisition
- Announced: 2019-04-23
- Where: Rybinsk, Russia, Russia
- Value: $46.0M (3.00B RUB)
- Status: announced
- Capacity: 14 turbines per year
- Products: gas turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [GE](https://endata.com/companies/1022.md) (partner)
- [United Engine Corporation](https://endata.com/companies/13915.md) (partner)
- [Inter RAO](https://endata.com/companies/19600.md) (acquirer)
- [Invent](https://endata.com/companies/19601.md) (target)
- [Russian Gas Turbines](https://endata.com/companies/32077.md) (target)

## Sources

- [mergers.ru](https://mergers.ru/news/Inter-RAO-uvelichila-dolyu-v-Russkih-gazovyh-turbinah-do-50-70305), 2019-04-23: "«Интер РАО» увеличила с 25% до 50% свою долю в совместном предприятии с GE «Русские газовые турбины» (РГТ), говорится в сообщении компании."
- [ria24.today](https://ria24.today/news/inter-rao-priobretet-33-akciy/159818), 2019-05-21: "Компания «Интер РАО» приобретет 33% акций одного из крупнейших на российском рынке производителя силового кабеля и трансформаторных подстанций - холдинга ООО «ИНВЭНТ», стоимость сделки - порядка 3 млрд руб."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.