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DTEK buys 25% stake in Kyivenergo for Hr 450.5 million

Author: Interfax-Ukraine All articles by this author

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Dec. 09, 2011 15:47
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DTEK, which belongs to Rinat Akhmetov's System Capital Management, and regional energy supply company Poltavaoblenergo, controlled by businessmen Konstantin Grigorishin and Ihor Kolomoisky, submitted bids to take part in a tender to sell a 25% stake in Kyivenergo.
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Ukraine's largest private energy holding DTEK has won a tender to sell a 25% stake in Kyiv's energy company Kyivenergo by offering Hr 450.5 million for the stake.
Poltavaoblenergo initially offered Hr 432.305 million for a 25% stake in Kyivenergo, and DTEK Holdings Ltd (Cyprus) offered Hr 432.5 million.

During the tender, the price rose to Hr 450.5 million, Poltavaoblenergo refused to offer a larger sum for the stake in Kyiv's energy company, and the State Property Fund declared DTEK the winner of the tender.

As reported, DTEK, which belongs to Rinat Akhmetov's System Capital Management, and regional energy supply company Poltavaoblenergo, controlled by businessmen Konstantin Grigorishin and Ihor Kolomoisky, submitted bids to take part in a tender to sell a 25% stake in Kyivenergo.

The tender to sell Kyivenergo's shares was initially scheduled for Nov. 25, 2011, but later it was postponed until Dec. 9, 2011.

The starting price of the 25% stake in Kyivenergo was set at Hr 432.305 million.

Kyivenergo operates almost all of the energy generating facilities in Ukraine's capital, apart from the Darnytsia heat and power station.
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