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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.
INVENT Group of Companies and German Pfisterer Holding AG have dissolved their joint venture Pfisterer RUS, which was established in 2014 to produce cable accessories in Tatarstan.
Inter RAO Group acquired a 33% stake in Russian power equipment holding Invent for 3 billion rubles, gaining entry into the electrical grid equipment market.