Ukrainian Property Fund to sell 60.7% stake in Donbassenergo and 75% in Volynoblenergo.

By bne IntelliNews June 4, 2013

The State Property Fund plans to sell 60.7% of shares in the energy generating company Donbassenergo (Donetsk) in August and 75% of shares in the energy supply company Volynoblenergo in September, the government has announced.

In addition, in August the government plans to list for sale at a stock exchange 5% of shares in the Mykolaivoblenergo, 5% in Kharkivoblenergo and 5% in Khmelnytskoblenergo.

In September, the Property Fund will also announce exchange auction for 46% of shares in Cherkasyoblenergo, and tenders for 50.9% of Ternopiloblenergo, 60.25% of Zaporizhiaoblenergo, 60.001% of Kharkivoblenergo , 65% of Mykolaivoblenergo and 65.009% of Khmelnytskoblenergo.

According to the statement, in course of the previous, second stage of privatisation of fuel and energy enterprises (the first was in 2001) in 2011-2012 the Fund sold stakes in nine energy companies and the state budget received about UAH 5.3bn from that.

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