Business news from Ukraine

Business news from Ukraine

DTEK OIL&GAS ACCUMULATES MAJORITY STOCK HOLDING OF DTEK KYIV ELECTROMEREZHI

24 September , 2019  

DTEK Oil&Gas B.V. has acquired shares of PrJSC DTEK Kyiv Electromerezhi in an amount of 4.000395% of a charter capital and jointly with the affiliated persons became an owner of a majority stock holding of this enterprise in an amount of 97.936969% of a charter capital or 106.129 million shares.
“The highest share price at which the company or its affiliates acquired shares of the company during the 12 months, preceding the acquisition date of the majority stock holding taking into account the date of acquisition, is UAH 9.31 (at a face value of UAH 0.2),” DTEK Oil&Gas B.V. reported.
According to the new ownership structure, DTEK B.V. owns 72.934662%, Ornex Limited – 20.999605%, DTEK Oil & Gas B.V. – 4,000395% and Oil & Gas Overseas Trading B.V. – 0.002307%.
DTEK Kyiv Electromerezhi is a part of DTEK Networks (established in 2018) that deals with electricity distribution and that includes another six enterprises: DTEK Dnipro Grids, DTEK Donetsk Grids, DTEK Grid Transmission Systems, and DTEK ENE Energovuhillia, Kyivoblenergo and Odesaoblenergo. The company provides services for 5.4 million housing entities and 150,000 enterprises.

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