Supreme Court Suspends Its Decision On Odesaoblenergo Privatization

The Supreme Court decided to suspend its decision that recognized the sales-purchase agreement (SPA) of 35% of Odesaoblenergo (ODEN: U/R) shares by FS Trading from the State Property Fund of Ukraine. The court called for a case on SPA validity from a local court. Alexander Parschiy: As we wrote earlier, a decision on recognizing FS Trading as the owner of this stake does not directly imply the current owner, Overcon (VS Energy), has to pass its 35% stake in ODEN to FS Trading. The Supreme Court is likely to make the final decision, by end of this year, on who is the legal owner of the stake.