Prosecutor's Office To Investigate Seven Oblenergos

The prosecutor’s office confirmed that it will look into the economic and financial activities of seven Oblenergos: DNON (HOLD), ZAON (SELL), LVON (Not Rated), POON (HOLD), SOEN (BUY), PREN (HOLD), TOEN (BUY) and CHEON (HOLD). Concorde Capital: People related to Grigori Surkis govern these energy distribution companies and the investigation is likely an attempt to weaken his position in the companies. The investigation was previously requested by his rival Konstantin Grigorishyn. The investigation might be good news for the companies, as their rumored financial violations may be discovered and stopped.