19 July 2010
The State Property Fund of Ukraine cancelled its privatization auction for the government’s remaining stake in Poltavaoblenergo (UX: POON UK) last Friday, July 16. An SPF spokesperson did not provide any other details. The SPF was planning to sell 17 lots of shares (16 lots of 34.4 mln shares and 1 lot of 1.5 mln shares) at UAH 3.0297 per share, and offer the remaining lots on a weekly basis thereafter until sold. In total, the SPF is planning to sell off a 25%+1 stake in the electricity distributor; an 8.76% stake was sold at UAH 3.03 per share during the first auction last week.