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The SPF to approve privatization of electric utilities companies on June 30

The SPF to approve privatization of electric utilities companies on June 30

27 June 2011

On June 30 the State Property Fund will sign a privatization decree for a list of electric utilities companies, Interfax reported on Saturday. The first stakes to be sold are those of Kievenergo, Zakarpat-, Chernivtsi-, Donetsk- and Vinnitsyaoblenergo. On June 22 the government adopted a plan to sell 11 utility companies in 2011, 10 of which will be sold in auctions and a 21% stake of Cherkasyoblenergo – on the stock exchange. The State Property Fund plans to collect UAH 6 bln from sale of utility companies in 2011.

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