REUTERS
The Ukrainian State Property Fund (SPF) will hold auctions on August 15-18 to sell 25% of state stakes in eight regional power distribution companies, according to the Ukrainian Cabinet's press service.
"The State Property Fund of Ukraine on July 24, 2017, announced the launch of auctions with an increase in the price to sell stakes in eight energy companies," the SPF said.
According to the press service, the auctions are scheduled for August 15-18, and 25% of the state's shares will be put up in each of the following companies: Odesaoblenergo, Donetskoblenergo, Donbasenergo, Sumyoblenergo, DTEK Dniproenergo, DTEK Dniprooblenergo, DTEK Zakhidenergo, and Kyivenergo.
Read alsoUkraine's government suggests excluding gas transport system from privatization listThe starting price of the assets ranges from UAH 143.8 million, or US$5.6 million, (Donetskoblenergo) to UAH 759.6 million, or $29.3 million, (Kyivenergo).
As UNIAN reported earlier, Prime Minister Volodymyr Groysman announced that the privatization of large state-owned stakes in national enterprises was one of his government's top five priorities. According to him, companies with a worldwide reputation should bid for shares of Ukraine's regional power distribution companies.
Read alsoState property regulator begins preparations for selling 2 HPPs, 7 oblenergosPreviously, the SPF also planned to privatize Khmelnytskoblenergo (70% of shares), Mykolayivoblenergo (70%), Kharkivoblenergo (65%), and Ternopiloblenergo (50.9%). In late June, the SPF added Kryvyi Rih Central Heating Plant to the 2017 privatization list.