Centrenergo privatization tender scheduled for Dec. 13
29 October 2018
Ukraine’s State Property Fund has scheduled the
privatization tender of a 78.3% stake in power generation company Centrenergo
(CEEN UK) for Dec. 13, according to its official newspaper published on Oct.
29. The fund is now open to letting potential bidders to study data room
documents, and it set the deadline for bidders to file all the supportive
documents for the tender for Dec. 5. Potential investors will be able to
provide their bids on Dec. 13, one hour ahead of the tender. Recall, the
starting price of Centrenergo’s stake was set by the Cabinet at UAH 5.98 bln
(USD 212 mln at today’s exchange rate).
Alexander Paraschiy: If the deal is successful in December, it will be the third highest
asset sale of the State Property Fund, in local currency terms, after the sale
of Kryvorizhstal in 2005 and Ukrtelecom in 2011. As before, we see the
likelihood of a successful deal at no more than 50%.
