SPF: Odesaoblenergo blocking stake not for sale

State Property Fund Acting Chair Dmitriy Parfenenko said in a web conference yesterday that the government is so far not planning to privatize its 25.01% stake in Odesaoblenergo (ODEN), Interfax reported. The SPF said in May that it would put the stake up on the auction block, but encountered difficulties in getting the stake transferred from the National Energy Company of Ukraine. Yegor Samusenko: We believe there is only one potential buyer, VS Energy, which already controls 55.2% shares of ODEN by our estimates. Technical obstacles for privatization, which we currently observe, may indicate stalling by VS Energy, which doesn’t want to buy the Odesaoblenergo stake right now, probably due to a lack of funds. We don’t expect any ODEN share buyouts and price movements in the near future.