FBK Grant Thornton to Provide Valuation Services to Rosseti Kuban and Rosseti Northern Caucasus

FBK Grant Thornton has won an open tender to test assets for economic impairment in accordance with IAS 36 for the purposes of the consolidated financial statements of Rosseti Kuban and Rosseti Northern Caucasus.

Rosseti Northern Caucasus is an interregional distribution grid company that transmits electricity at a voltage level of 0.4 to 110 kV in the North Caucasian Federal District and connects consumers to the infrastructure.

Rosseti Kuban is the biggest distribution grid company (0.4 to 110 kV grids) that services the Krasnodar Region and the Republic of Adygea.