In a move that would send Vladimir Lenin spinning in his grave, Russia's Unified Energy System is expected to be split up and sold off via offerings on the London Stock Exchange, according the Guardian of London. UES, which former Soviet ruler Lenin established to more or less introduce electricity to most of the country, is the holding company for Russia’s various power authorities. Merrill Lynch and Russia's Alfa Bank will manage the offerings, which are expected to begin late this year. The government could receive more than £2 billion ($3.7 billion) in proceeds. Now, whichever unit can tap into Lenin's tomb to harness that spinning is the one you should buy.—Matthew Wurtzel
See story from The Guardian
See UES Web site
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