Ukraine's largest vertically integrated private energy holding, DTEK, has transferred Hr 1,179,700,000 to the State Property Fund (SPF) for the purchase of a 25% stake in energy generating company PJSC Dniproenergo, the authority's press service has said.
"The SPF has received all the funds for the sale of a 25% stake in Dniproenergo," a statement reads.
Thus, DTEK built up a 72.55% stake in the energy company.
As reported, Kharkiv-based USK-Consulting Ltd. valued a 25% stake in Dniproenergo at Hr 1,179,700,000 and DTEK, which was the only bidder, agreed to pay the price.
DTEK initially offered Hr 1,174,100,000 for the 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 generation and distribution of electricity.
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).
