Photo from UNIAN
The State Property Fund of Ukraine (SPF) sold a 25% stake in Kyiv heat and power supplier PJSC Kyivenergo at a starting price of UAH 759.6 million, or US$29.8 million, at an auction, August 18, according to the sales online broadcast.
The stake was sold at the starting price, as only one bidder participated in the sales. It is also reported that 27 million shares have been sold at a price of UAH 28.04 ($1.1) apiece.
The auction took place at the PFTS Stock Exchange in Kyiv, while the buyer's name was not disclosed.
Read alsoKyiv may hire firm from Finland to manage municipal power gridsAs UNIAN reported, the State Property Fund announced earlier the auctions scheduled for mid-August to put up 25% of the state's shares in each of the following companies: Odesaoblenergo, Donetskoblenergo, Donbasenergo, Sumyoblenergo, DTEK Dniproenergo, DTEK Dniprooblenergo, DTEK Zakhidenergo, and Kyivenergo.
A 25% stake in DTEK Donetskoblenergo was sold on August 16.
UNIAN memo. Kyivenergo generates and supplies thermal and electric energy within Kyiv. It is part of DTEK's largest private energy holding. The company received UAH 436.8 million, or $17.1 million, in net loss, which was 42% down year-over-year.