Business news from Ukraine

UKRAINE LAUNCHES SELECTION OF ADVISORS FOR CENTRENERGO PRIVATIZATION

21 January , 2020  

The State Property Fund of Ukraine (SPF) has issued an order to create a tender commission to select advisers for privatization of PJSC Centrenergo, the SPF press service has said.
“The State Property Fund of Ukraine has begun the process of selecting advisers for Centrenergo privatization. In February, preparations will be launched for the privatization of a number of large privatization objects. In order to analyze in detail the state of affairs in the company for 2019, the State Property Fund also attracts an audit company with an impeccable reputation,” the press service said citing head of the fund Dmytro Sennychenko.
He said he expects to hold a tender to select an adviser in the first half of this year. According to him, the tender for the sale of the state-owned stake in Centrenergo, in turn, could be held at the end of this year-the beginning of next year. At the same time, the expert said that the situation in the energy market could also influence the timing of its holding.
The head of the fund added that RAB regulation remains an important factor in the issue of terms of privatization of regional energy companies.
The agency noted that recently the members of the Centrenergo supervisory board had ben reshuffled, as well as an order had been issued to hold a tender for the post of head of the generation company.
These measures will ensure the most transparent and competitive privatization, the fund notes.