29 November 2011
DTEK (DTEKUA) agreed to take a call option for a 45.1% stake in Zakhidenergo (ZAEN UK) from the State Property Fund, the latter said yesterday. The State Property Fund plans to announce a tender to select an independent appraiser for the stake on November 30. It will take about 15 days to select the appraiser and another 30 days to get the valuation. This implies DTEK will be able to realize its option on or about January 16, 2012.