Home
/
News
/

Oblenergos Unfrozen.

Oblenergos Unfrozen.

16 February 2008

Yesterday the State Securities and Exchange Commission (SSEC) decided to cancel its resolution to freeze trading in four Oblenergos:

Lvivoblenergo (LVON: BUY)

Prikarpatoblenergo (PREN: BUY)

Poltavaoblenergo (POON: BUY)

Chernihivoblenergo (CHEON: SELL) 

Concorde Capital: In response we reinstated our recommendations for these companies (refer to our note of February 10). We also expect the same decision will be made for the fifth company: Sumyoblenergo (SOEN) in the near future. As we expected, the management of Oblenergos retaliated by claiming SSEC’s restrictions were unfairly pushed by Vladimir Petrenko to the benefit of minority shareholder Konstantin Grigorishyn. The conflict around these Oblenergos will continue to rage on but we do not expect it to harm these companies

Latest News

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...