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.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Uzbekistan announces $500mn in backing for projects in rare earths

Uzbekistan is to invest $500mn in backing promising projects in the mining of rare earth elements (REE), the presidential press service has announced. The country’s ... more

Russia for first time overtakes Turkmenistan in gas exports to China

Russia in February for the first time overtook Turkmenistan on a monthly basis to become the largest pipeline supplier of natural gas to China, according to General Administration of Customs of China ... more

Ukraine's DTEK seeks $350mn to restore energy capacity after Russian attacks

Ukraine's leading private energy company, DTEK, has sounded the alarm, indicating an urgent need for $350mn to recuperate lost capacity resulting from Russia's relentless assaults on thermal power ... more

Follow Us On

Most Read

  1. The models are wrong, climate change is accelerating faster than predicted
    7 days ago
  2. Russia already treating Bosnia’s Republika Srpska as an independent state
    6 days ago
  3. Cheap Russian drones overwhelm US-made Abrams tanks, taken out of action
    5 days ago
  4. Putinomics: Russia’s oil and gas revenue to double in April
    6 days ago
  5. Kuwait reacts angrily to being cut out of Iraq and Turkey’s transport project
    6 days ago
  1. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  2. Saudi Arabia to scale back plans for Neom city
    21 days ago
  3. Iran vs Israel: Who is better equipped for war?
    18 days ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    1 month ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    6 months ago

Reports

Dismiss