The Ukrainian government is preparing to privatise 15 regional energy distributors, or oblenergos.
On 29 July 2009, the Cabinet of Ministers of Ukraine resolved to transfer shares in each of the 15 oblenergos from the state-owned National Energy Company of Ukraine to the State Property Fund in preparation for selling the shares via auction.
The timing, starting prices and tender conditions for the auctions have yet to be established, however, the acting Head of the State Property Fund of Ukraine has stated that if all the necessary steps are undertaken in timely manner, the first auction may be announced as soon as September 2009.
The companies and shares in question are:
|
Oblenergo |
Shares transferred |
Shares retained by the State |
|
Vinnitsaoblenergo |
60% + 1 share |
15% |
|
Volynoblenergo |
60% + 1 share |
15% |
|
Dniprooblenergo |
60% + 1 share |
15% |
|
Zakarpatoblenergo |
60% + 1 share |
15% |
|
Khmelnitskoblenergo |
60% + 1 share |
10% |
|
Krymenergo |
60% + 1 share |
10% |
|
Mykolaivoblenergo |
60% + 1 share |
10% |
|
Chernivtsioblenergo |
60% + 1 share |
10% |
|
Donetskoblenergo |
60% + 1 share |
5.06% |
|
Kharkivoblenergo |
60% + 1 share |
5% |
|
Zaporizhiaoblenergo |
60.25% |
- |
|
Luhanskoblenergo |
60.06% |
- |
|
Ternopiloblenergo |
51% |
- |
|
Kyivenergo |
50% + 1 share |
- |
|
Cherkasyoblenergo |
46% |
- |
Various private investors hold the minority stakes that are currently not in State hands.
This article was written for Law-Now, CMS Cameron McKenna's free online information service. To register for Law-Now, please go to www.law-now.com/law-now/mondaq
Law-Now information is for general purposes and guidance only. The information and opinions expressed in all Law-Now articles are not necessarily comprehensive and do not purport to give professional or legal advice. All Law-Now information relates to circumstances prevailing at the date of its original publication and may not have been updated to reflect subsequent developments.
The original publication date for this article was 12/08/2009.
