12:05 23.09.2016

DTEK will support idea of transferring blocking stakes in power companies to professional managers

1 min read
DTEK will support idea of transferring blocking stakes in power companies to professional managers

DTEK private energy holding has welcomed the idea of transferring state-owned blocking stakes in power companies, controlled by DTEK, for management to a professional team, which will work on clear and transparent rules corresponding to the appropriate standards of corporate governance of European companies.

"We are ready for any dialogue and will support any idea that improves both public and private asset management professionalism," DTEK CEO Maksym Tymchenko said.

According to him, in terms of corporate management DTEK is one of the best companies in Ukraine.

"We will support the improvement of corporate governance standards, including those concerning minority stakes," he said.

As reported, the State Property Fund, the National Commission on Securities and the Stock Market and the U.S. Agency for International Development (USAID) are working on the possibility of establishing a fund with external control, which, in particular, will manage blocking stakes in energy companies. As an example they are considering the experience of Romania, which created Fondul Proprietatea and hired Franklin Templeton Investments to manage minority and controlling stakes in large enterprises included in the fund.

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