Ukraine to privatize TATM, ODEN, SOEN
20 June 2013
The State Property Fund of Ukraine announced on June 19 it will offer 25% stakes in two power distribution companies, Odessaoblenergo (ODEN UK) and Sumyoblenergo (SOEN UZ) in December 2013. That’s in addition to an earlier announced plan to sell 46%-70% stakes in seven other power distribution companies. On top of that, the SPF stated it’s considering the sale of heavyweight companies like Turboatom (TATM UK), as well as chemical plants Odessa Portside and Sumykhimprom.
Alexander Paraschiy: The SPF will certainly have to offer something significant to cover the UAH 10.9 bln sales target set by the 2013 state budget, which has been met by less than 2% as we approach the end of the first half. Moreover, one of the potential blue chips, electricity generator Centrenergo, has fallen off the privatization list due to its power station being damaged by fire. Theoretically, if the SPF’s list is fulfilled this year, Ukraine can meet its privatization proceeds goal. But we don’t
