SPF pushes Poltavaoblenergo privatization back to June 3, 2009

Yesterday the State Property Fund informed on lack of bidders at the privatization auction for a 25%+1 stake in Poltavaoblenergo (POON) scheduled for today. The auction has been re-scheduled for June 3. Alexander Paraschiy: This is the sixth failure to sell the state’s stake in Poltavaoblenergo this year. It looks like potential bidders have come to a joint agreement about not participating in tender for POON (as well as for Prykarpatoblenergo (PREN) and Sumyoblenergo (SOEN)) to push the State Property Fund to decrease starting prices.