Cabinet orders 14 Oblenergo stakes sold by December 1

The Cabinet of Ministers approved decrees on August 19, which were published yesterday, that order the State Property Fund to sell stakes in 14 Oblenergos at open tenders by December 1, 2009. The Cabinet ordered the SPF to prepare the stakes for sale at the end of July. Yegor Samusenko: We expect the state will be able to sell only some of the proposed Oblenergo stakes this year. In our view, controlling stakes in six Oblenergos have a good chance of being privatized in 2009: CHON, DNON, DOON, HAON, VIEN, VOEN – stakes that are likely to draw interest from local players with sufficient cash. For more details, see our note of August 19, 2009.