A tender commission to sell a 25% stake in PJSC Dniproenergo power generation company will on March 12, 2012, announce the results of an additional assessment of the stockholding and offer bidder DTEK, Ukraine's largest vertically integrated energy holding, to sign an agreement on the acquisition of the shares, according to the State Property Fund's press service.
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. After the assessment is done, the State Property Fund is to offer DTEK to sign an agreement on the acquisition of the shares. 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 late in 2011 won tenders for the sale of a 25% stake in Kyivenergo and a 45.103% stake in Zakhidenergo where it had also been the second largest stockholder after the state.
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.
