The Antimonopoly Committee of Ukraine has permitted the largest private vertically integrated energy holding – DTEK – to acquire a 25% stake in Zaporizhia-based Dniproenergo, an electricity generating company, First Deputy Head of the committee, Rafael Kuzmin, said at a press conference in Kyiv on Thursday.
"Yes, we’ve issued a permit to DTEK," he said.
Ukraine’s State Property Fund named the Kharkiv-based USK-Consulting Ltd. the winner of a tender for independent market assessment of a 25% stake in Dniproenergo.
DTEK, which was the only bidder for the 25% stake in Dniproenergo, offered Hr 1.174 billion, which was Hr 100,000 more than the starting price.
According to the procedure of a tender with one bidder, a stockholding offered for sale is subject to independent assessment.
The sale price cannot be lower than the price indicated in the bid submitted by the buyer.
Dniproenergo is one of the largest energy generating companies in Ukraine.
It runs the Prydniprovska, Kryvy Rih, and Zaporizhia thermal power plants, which have a total capacity of 8.185 GW (25 energy generators).
DTEK already owns a 47.55% stake in Dniproenergo, and the Energy Company of Ukraine holds a 25% plus one share stake.
DTEK, formed in 2005 to manage the energy assets of businessman Rinat Akhmetov’s System Capital Management group, includes a vertically integrated group of companies, from the mining and enrichment of coal to the production and distribution of electricity.
