Ornex, part of SCM Group, has acquired 25% of shares in public joint-stock company DTEK Zakhidenergo and public joint-stock company Kyivenergo put up for sale by the State Property Fund of Ukraine (SPF) on the PFTS stock exchange on Friday, SCM has reported.

The price of 25% of shares in DTEK Zakhidenergo was UAH 417.163 million, which is 20% higher than the starting price, while the 25% stake in Kyivenergo was bought at the starting price of UAH 759.633 million.

As reported, on August 16, 2017, Ornex acquired 25% of shares in DTEK Donetskoblenergo for UAH 143.81 million. SCM then said that it was a portfolio investment.

A representative of DTEK said that the company did not buy shares in DTEK Donetskoblenergo, as the company does not have money for this: in the past years the company saw multibillion losses and it is restructuring its loans.

DTEK, fully owned by SCM, held 72.24% in DTEK Zakhidenergo, 72.4% of shares in Kyivenergo and 71.5% in DTEK Donetskoblenergo.