Dniproenergo convenes AGM
25 March 2009
Dniproenergo (DNEN) shareholders convened for an AGM yesterday, after the National Energy Company of Ukraine (NC ECU) surprised by checking in, effectively recognizing the pro-DTEK additional share issue in the company that diluted the NC ECU’s stake to 50%+1 in the company (it previously claimed to hold 76%). In addition, shareholders decided not to issue UAH 202 mln bonds, which were planned to be bought out by DTEK-related companies as a way for DTEK to comply with its investment obligations. For details, see our flash note from yesterday.
