SPF to announce sale of 4 electricity companies in August

Yesterday the Head of the State Property Fund Olexander Ryabchenko signed a plan for a sale of state-controlled energy companies. In August the SPF will announce tenders for a 45% stake in Zakhidenergo (UX: ZAEN UK), 25% of Kyivenergo (UX: KIEN UK), 50% of Zakarpatyaoblenergo(UX: ZОEN UK) and 46% of Cherkasyoblenergo(UX: CHON UK). In October the SPF will announce tenders for 25% of Dniproenergo (UX: DNEN UK), 40% of Donetskoblenergo (UX: DOON UK), 45% of Chernivtsioblenergo (UX: CHEN UK) and 26% of Ternopiloblenergo(UX: TOEN UK). Auctions will be held within 50 days after the publication of the official announcement except for the stake of Cherkasyoblenergo, which will be sold on the stock exchange in 30 days upon the announcement.