# Inter RAO increases stake in Rus Gas Turbines joint venture with GE to 50.99%

Inter RAO increased its stake in Rus Gas Turbines Holdings B.V. from 50% to 50.99%, gaining control of the joint venture with GE. The partners plan further localization of GE gas turbine production in Rybinsk, Russia.

- Type: Acquisition
- Announced: 2020-09-01
- Where: Rybinsk, Russia
- Value: $42.1M (3.26B RUB)
- Status: completed
- Capacity: up to 14 turbines per year
- Products: gas turbines 6F.03 (up to 88 MW), gas turbines GT13E2 (up to 210 MW)
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [General Electric](https://endata.com/companies/1262.md) (partner)
- [General Electric](https://endata.com/companies/1262.md) (target)
- [Inter RAO](https://endata.com/companies/19600.md) (acquirer)
- [Russian Gas Turbines](https://endata.com/companies/32077.md) (target)
- [Rus Gas Turbines Holdings B.V.](https://endata.com/companies/49836.md) (target)

## Sources

- [kommersant.ru](https://www.kommersant.ru/doc/4484792), 2020-09-10: "«Интер РАО» увеличила долю в Rus Gas Turbines Holdings B.V. (совместное предприятие с американской GE) с 50% до 50,99%"
- [ria24.today](https://ria24.today/news/inter-rao-poluchilo-opcion-na-pokupku-doli/4950911), 2020-11-13: "«Интер РАО» в сентябре получило опцион на покупку оставшейся доли в совместном предприятии с General Electric «Русские газовые турбины (РГТ)»"
- [cire.pl](https://www.cire.pl/artykuly/serwis-informacyjny-cire-24/177250-inter-rao-bedzie-mogl-wykupic-udzial-ge-we-wspolnym-projekcie), 2020-11-16: "Inter RAO, rosyjski holding energetyczny oraz General Electric (GE), wspólnie tworzące spółkę joint venture (RGT), podpisali we wrześniu br. umowę na zakup udziałów GE w spółce przez Inter RAO."
- [rybinsknote.ru](https://www.rybinsknote.ru/2020/11/16/inter-rao-uvelichilo-dolyu-v-russkix-gazovyx-turbinax-rabotayushhix-v-rybinske/), 2020-11-16: "Доля «Интер РАО» в совместном с General Electric предприятии теперь составляет 50,99%."

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