You're reading: Two companies submit bids to buy 45% stake in Krymenergo, says SPF

Two companies have submitted bids to participate in a tender on the privatization of a 45% stake in energy supply company PJSC Krymenergo (Simferopol, Crimea), the press service of the State Property Fund of Ukraine (SPF) has told Interfax-Ukraine.

A tender to sell a 45% stake in energy supply company PJSC Krymenergo will be held on May 4, 2012.

The starting price of the stake is UAH 246 million. The accepting of bids will terminate seven days before the tender.

As reported, the National Commission for Energy Regulation (NCER) earlier permitted DTEK, Ukraine’s largest vertically integrated energy holding, to acquire a 45% stake in Krymenergo.

DTEK already owns a 12.49% stake in Krymenergo, Garensia Enterprises Limited (Cyprus) owns 10.77%, and Energy Company of Ukraine owns a 25/% stake in the company.