The State Property Fund of Ukraine (SPF) on March 20 will put a 25% stake in public joint-stock company Odesaoblenergo up for sale at a starting price of UAH 149.081 million.
According to a report in the Vidomosti Pryvatyzatsii newspaper, the auction will take place on the platform of the Ukrainian Exchange (Kyiv).
As reported, in August 2017, the SPF failed to sell 25% of Odesaoblenergo at a starting price of UAH 631.3 million due to a lack of bids.
Odesaoblenergo increased its net profit 7.6-fold (by UAH 59.351 million) in January-September 2017, compared to the same period in 2016, to UAH 68.314 million, net income by 31.8% (by UAH 1.336 billion), up to UAH 5.541 billion.
VS Energy Group controls about 64% of Odesaoblenergo’s shares, another 25% of the company’s shares belong to the state represented by the SPF.