The Kyiv Post welcomes feedback about our new website and we stand ready to fix any problems users might encounter in our test phase. Contact us at: news@kyivpost.com or +38-044-591-3344. Thank you!

Share Tweet Pocket Add to Bookmarks
You're reading: DTEK buys 25% stake in Kyivenergo for Hr 450.5 million

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.

Found a spelling error? Let us know – highlight it and press Ctrl + Enter.

Advertisement

Add comment

Sorry, you must be logged in to post a comment.
More in this section
Attention

Add a picture
Choose file
Add a quote
Attention

Are you sure you want to delete your comment?

Attention

Are you sure you want to delete all user's comments?

Attention

Are you sure you want to unapprove user's comment?

Attention

Are you sure you want to move to spam user's comment?

Attention

Are you sure you want to move to trash user's comment?

Spelling error report

The following text will be sent to our editors: