SPF intends to resume sale of minority stakes in energy companies on exchanges from July
Ukraine's State Property Fund (SPF) plans to announce first sales of minority stakes in energy companies remained in state ownership on exchanges this week, Deputy SPF Head Yuriy Nikitin told Interfax-Ukraine on the sidelines of the IV International Forum of Corporate Secretaries last week.
"We will try to sell what we have," Nikitin said speaking at the forum.
He said that the situation in the country and stepped up actions of the SPF have given first results: recently a deal to sell Ukrainian Bank for Reconstruction and Development to a Chinese investor for UAH 82.83 million was finalized, and Haivoron Locomotive Repair Plant was sold for UAH 15.14 million at the exchange on June 15. The fund had tried to sell the plant for two years.
Nikitin told Interfax-Ukraine that the announcement of the tenders this week would allow starting sales on the exchanges in around 20 days, in July.
He reminded that these stakes were appraised last year. They can be put up for sale at once. He said that the fund understands that the initial prices are too high.
"We will try [to sell]," he said.
Nikitin said that the adoption of the law on the electricity market this year and the finalizing the approval of RAB regulation by the National Commission for Energy, Housing and Utilities Services Regulation (NCER) would influence the price growth.
He said that these factors allow resuming the preparation for selling minority stakes in energy companies.