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Ukraine sells 25% state stakes in two energy companies

Both stakes were sold to a company affiliated with Rinat Akhmetov.

Ukraine sells 25% state stakes in two energy companies
Photo: rbc.ua

The State Property Fund of Ukraine (SPF) sold a 25-per-cent stake in the Kyiv heat and power supplier PJSC Kyivenergo at a starting price of 759.6m hryvnyas, or 29.8m dollars, at an auction on 18 August, according to the SPF website.

A 25-per-cent stake in DTEK Zakhidenergo was sold for 417.164m hryvnyas.

Both stocks were bought by Ornex, a company incorporated into Rinat Akhmetov's SCM Group.

As reported earlier, the State Property Fund called the auctions to sell 25 per cent of the state's shares in each of the following companies: Odesaoblenergo, Donetskoblenergo, Donbasenergo, Sumyoblenergo, DTEK Dniproenergo, DTEK Dniprooblenergo, DTEK Zakhidenergo, and Kyivenergo.

A 25-per-cent stake in DTEK Donetskoblenergo was sold on 16 August.

Kyivenergo generates and supplies thermal and electric energy in Kyiv. It is part of DTEK's largest private energy holding.