# Inter RAO acquires Ural Turbine Works for RUB 10.8 billion

Inter RAO Group has acquired Ural Turbine Works (UTZ) for 10.8 billion rubles. The deal was finalized after receiving FAS approval in July 2023, with the option to exercise the purchase agreement from October 1, 2023 to April 5, 2024.

- Type: Acquisition
- Announced: 2024-02-29
- Where: Russia
- Value: $118.0M (10.8B RUB)
- Status: completed
- Products: turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Ural Turbine Works](https://endata.com/companies/2567.md) (target)
- [Inter RAO](https://endata.com/companies/19600.md) (acquirer)

## Sources

- [bigpowernews.ru](https://www.bigpowernews.ru/news/document113253.phtml), 2024-02-29: "Стоимость сделки Группы «Интер РАО» по приобретению «Уральского турбинного завода» (УТЗ) составит 10,8 млрд рублей."

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