The Kyiv Prosecutor’s Office on September 4 lodged a lawsuit with Kyiv’s Economic Court to return a 12.7 percent stake in power supplier Kyivenergo, a 61 percent stake in gas supplier Kyivgaz and a 67 percent stake in water supplier Kyivvodokanal to the city, Kyiv Prosecutor Roman Hovda said at a press conference in Kyiv on September.
The stakes were transferred to Kyivenergoholding’s authorized capital more than a decade ago.
“The prosecutor’s office of Kyiv, acting in the interests of the state, filed a claim with the Kyiv’s Economic Court to return the stakes in Kyivenergo, Kyivgaz and Kyivvodokanal worth more than Hr 1 billion to the capital’s territorial community,” he said.
He recalled that 12.7 percent of shares in Kyivenergo were subsequently transferred from the authorized capital of Kyivenergoholding to third legal entities. Today they are owned by DTEK.
According to him, DTEK Energy Holding in this lawsuit is a good faith purchaser of shares, since it concentrated them only in 2014 or seven years since the moment of their transfer from Kyivenergoholding.
The court will set a date in the next few days for the consideration of the claim, Hovda said. The prosecutor’s office will ask to seize the shares of the companies as an interim measure.
As of the beginning of 2017, some 61 percent of shares of Kyivenergoholding still belong to the Kyiv community, another 24.98 percent are held by Artio Global Investors Ltd (the U.K.) and 14.02 percent by Densec Limited (Cyprus).
