19 August 2010
The State Property Fund plans to resume the privatization of the state’s 16.24% stake in Poltavaoblenergo (UX: POON UK) and a 25% stake in Sumyoblenergo in autumn, SPF Head Oleksandr Ryabchenko said yesterday at a press conference. Ryabchenko said the Poltavaoblenergo auction should be announced in September; 30 days is required between the announcement and the auction itself. Ryabchenko did not say whether the stakes would be sold as a one block or divided into smaller 1% packets. The SPF sold 8.76% of Poltavaoblenergo at UAH 3.03 per share on July 9, and suspended further auctions. An auction for the 25% stake in Sumyoblenergo was scheduled for 14 July with a starting price of UAH 2.44 per share, but was also suspended by the SPF.