REUTERS
The tender for the sale of the company's shares will be held in late November 2018.
Acting head of the State Property Fund (SPF) of Ukraine Vitaliy Trubarov says the starting price of a state stake in Public Joint-Stock Company (PJSC) Centrenergo, a large power generating company in Ukraine, is set at UAH 5.984 billion, or nearly US$225.48 million at the forex rate as of the day of the evaluation of the shares.
The terms of the enterprise privatization were approved at a Cabinet meeting on October 3, the official wrote on Facebook.
Read alsoErnst&Young assesses state stake in Centrenergo at US$225.5 mln
He also added that the Cabinet's resolution would be finalized within the following three days to introduce the terms of sale, which will be mandatory for the future owner of the state stake in the company.
As UNIAN reported earlier, Ernst&Young, which was selected as an adviser on the sale of Centrenergo had assessed a state 73.8% stake in the company at UAH 5.985 billion (US$225.48 million).
The Ukrainian government in early September 2018 approved the schedule of preparations for the privatization of PJSC Centrenergo, according to which the tender for the sale of company's shares will be held at the end of November this year.
Ukraine's Cabinet on May 10 endorsed a list of companies for large-scale privatization in 2018.
Centrenergo is to be the first enterprise among the said companies, which is expected to be sold this year.
Ernst&Young is an adviser on Centrenergo's privatization.
PJSC Centrenergo is one of Ukraine's leading electricity generating companies. The state owns 78.289% of the company's shares. Centrenergo consists of three thermal power plants – Vuhlehirska, Zmiivska, and Trypilska. Their combined installed capacity is 7.665 GW, which is 14% of Ukraine's overall power generation capacity. Centrenergo supplies electricity to Kyiv, Kharkiv, and Donetsk regions.