SPF postpones SOEN, PREN privatization auctions to June 5

The State Property Fund said yesterday that it would again delay privatization tenders for a 25.01% stake in Sumyoblenergo (SOEN) and a 25.02% stake in Prykarpatoblenergo (PREN) from May 29 to June 5. The SPF once again cited a lack of bidders. The announcement marks the fifth time the PREN tender has been pushed back and the second time for SOEN.