Poltavaoblenergo privatization auction pushed back to May 20

The State Property Fund has pushed back the privatization tender for a 25%+1 stake in Poltavaoblenergo (POON) to May 20, it said in an announcement yesterday. The SPF said it has not received any applications to participate. The auction was scheduled to take place today, May 13; it had previously been postponed from April 22 and May 6 for the same reason. The SPF set the starting price for the auction at UAH 307.7 mln. The SPF’s attempts to sell stakes in Poltavaoblenergo and Prykarpatoblenergo (PREN) have failed so far: they have the highest starting price-based EV/S multiples among all the Oblenergos up for privatization. See our news comment of May 7 for more on Oblenergo privatizations.