KYIV. May 24 (Interfax-Ukraine) – The State Property Fund of Ukraine (SPF) intends from early autumn to start the sale of controlling stakes in six regional energy supply companies, namely Ternopiloblenergo, Khmelnytskyoblenergo, Kharkivoblenergo, Mykolaivoblenergo, Zaporizhiaoblenergo and Cherkasyoblenergo and expects to obtain a total of about $300 million, SPF Head Ihor Bilous has said.
“All six power companies will have an initial price of about $250 million… What would we like to get? Some $300 million for all these companies,” he said in an interview with the Dzerkalo Tyzhnia weekly.
He added the starting price of Ternopiloblenergo will stand at $20 million, that of Khmelnytskyoblenergo at about $ 30 million.
“These are absolutely real prices for potential investors, not $130-150 million. In future, by the way, Ternopiloblenergo could cost $50 million,” Bilous said.
According to him, in spite of a long-standing corporate conflict at Ternopiloblenergo, both mentioned companies [together with Khmelnytskyoblenergo] will be easily sold.
“There is a simple business model there. Consumers are mainly individuals. The fundraising level is very high, and economic benefit in this case is very easily calculated,” the official said.
