Business news from Ukraine

CABINET WILL SELL 60.2% STAKE IN ZAPORIZHIAOBLENERGO, 25% STAKE IN ODESAOBLENERGO BY END OF 2015

24 June , 2015  

KYIV. June 24 (Interfax-Ukraine) – Ukraine’s Cabinet of Ministers plans to sell 60.2% of shares of PJSC Zaporizhiaoblenergo power distribution company and 25% plus one share in PJSC Odesaoblenergo power distribution company until December 31, 2015.

This is stipulated in Cabinet resolution No. 626-r dated June 17, 2015, which is available on the government’s official website.

In keeping with Zaporizhiaoblenergo’s sale schedule, 5% of its shares will be sold at an auction between June 30 to September 30, 2015, and 55.248% of shares will be put up for sale June 30 through December 31, 2015.

Odesaoblenergo’s sale schedule foresees the sale of 25% shares at an auction between June 30 and December 31, 2015.

For sale will also be offered Mykolayiv combined heat and power plant and PJSC Sumykhimprom chemical enterprise.

In particular, a 5% stake in Mykolayiv combined heat and power plant will be sold at an auction from June 30 to September 30, 2015, another 94.17% of shares will be offered for sale between June 30 to December 31, 2015.

Sumykhimprom’s sale schedule foresees the sale of 5% of the chemical plant’s shares at an auction between May 31 to September 30, 2015, and a 94.995% stake will be sold from June 30 to December 31, 2015.