Business news from Ukraine

DEPOSIT GUARANTEE FUND SELLS DTEK DNIPROOBLENERGO’S SHARES AT HALF PRICE

31 July , 2017  

KYIV. July 31 (Interfax-Ukraine) – The Deposit Guarantee Fund has sold 250 shares of PJSC DTEK Dniprooblenergo for UAH 40,000 at an auction on the Ukrainian Exchange, securities broker Kyiv-based Dragon Capital wrote on Facebook.
In addition, 1,200 shares of UkrAuto Corporation were sold for UAH 108,001 during the auction.
Dragon Capital said that the starting price of DTEK Dniprooblenergo’s shares was set at UAH 25,000, while that of UkrAuto’s shares at UAH 60,000.
Ukraine’s State Property Fund earlier announced auctions to sell stakes in eight power distribution companies (oblenergos) and energy generation companies.
An auction to sell 1, 497,904 shares of DTEK Dniprooblenergo (a 25% stake) is scheduled for August 17. It will be held on the Kyiv International Stock Exchange. The starting price of the stake is set at UAH 490.054 million, i.e. UAH 327.16 per share, whereas the Deposit Guarantee Fund sold shares at a price of UAH 160 each.
DTEK Dniprooblenergo’s shares by the end of trading on July 27 became cheaper by 5.45%, being traded at UAH 156 per each. There were no deals with the securities on Friday.