Ukraine sells machinery plant, may sell Sumyoblenergo today
23 August 2017
Ukraine’s State Property Fund sold on Aug. 22 a 99.5%
stake in the Ivano-Frankivsk Locomotive Overhaul Plant at its starting price of
UAH 33.9 mln, the fund reported the same day. The buyer was the Ivano-Frankivsk
City Council. The fund also reported that one bidder has signed up for the
privatization tender of a 25% stake in power DisCo Sumyoblenergo (SOEN UZ) with
a starting price of UAH 370 mln that is scheduled for Aug. 23.
Another tender scheduled for today, involving a 25%
stake in power GenCo Donbasenergo (DOEN UK), has been cancelled due to a lack
of bidders. Most likely, it will be rescheduled for Aug. 30. The fund also
reported the auction of a 25% stake in power DisCo Odesaoblenergo (ODEN UK) –
which was scheduled for Aug. 22 but lacked a bidder – has been rescheduled for
Aug. 29.
Alexander Paraschiy: August is
going to be the best month in the last four years for Ukraine’s privatization
agency. With four 25%-99% stakes already sold, the fund has accumulated UAH
1.35 bln in privatization proceeds this month, which is more than for the three
previous years cumulatively (UAH 0.95 bln).
Sumyoblenergo, Dniproenergo and Dniprooblenergo (which is likely), its total
privatization proceeds for August would reach at least UAH 2.9 bln, or more
than for 2013-2016 cumulatively. While it would be not enough to fulfil the
Fund’s 2017 privatization plan of UAH 17 bln, it marks a good start after years
of no results.
