NC ECU May Increase Stake In Oblenergos

Bogdan Datsyshyn, acting vice president of the National Energy Company of Ukraine (NC ECU), announced that the company has prepared recommendations for changes to its charter. The changes will allow the company to trade shares in energy companies. At present, the NC ECU has controlling stakes of 50-75% in 14 Oblenergos and blocking stakes of 25-46% in seven Oblenergos. If the changes are adopted, the NC ECU plans to purchase stocks in six Oblenergos and increase its stake to 50%. According to Datsyshyn, this will increase stability in these companies and prevent corporate conflicts. Concorde Capital: The future of the NC ECU is uncertain, so whether Datsyshyn’s plans will be fulfilled is unclear. If the NC ECU isallowed to purchase stocks in these companies, stock prices for Prykarpatoblenergo (PREN: HOLD), Lvivoblenergo (LVON: HOLD), Poltavaoblenergo (POON: HOLD), Sumyoblenergo (SOEN: BUY), Chernihivoblenergo (CHEON: HOLD) Cherkasyoblenergo (CHON: HOLD) may increase due to demand for their shares from the NC ECU.