18:33 18.08.2017

Concorde Capital claims to 25% stake in DTEK Zakhidenergo, could participate in other SPF tenders

2 min read
Concorde Capital claims to 25% stake in DTEK Zakhidenergo, could participate in other SPF tenders

Concorde Capital investment group was one of the contenders for the purchase of a 25% stake in PJSC DTEK Zakhidenergo during the auction the State Property Fund (SPF) held August 18, head of the group Ihor Mazepa has told Interfax-Ukraine.

"Yes, we claimed. After the SPF had announced the auctions [for the privatization of blocking stakes in eight energy companies] we contacted the funds that invested or invest in the Ukrainian stock market. To say that they showed a considerable interest in the auctioned shares is an exaggeration. No less, we received a firm request from one fund - a portfolio investor," he said.

Mazepa said Concorde Capital does not rule out its participation in other SPF auctions planned in future.

"I cannot now definitely confirm participation in other tenders. We analyze, review, and negotiate with the funds. I can say that the assets are being put up for sale at a bargain price. For example, energy generating companies look interesting for investors if the proposed model of stimulating tariff formation (RAB tariffs) is introduced in Ukraine. No less interesting are those for which the auction has been held today - Kyivenergo and DTEK Zakhidenergo. If you look at their cost, the ratio of capitalization to the established capacity, they are very low in comparison with the corresponding indicators of energy generating companies in Eastern Europe. I hope the problem of investors' attitude to Ukraine and the status of minority shareholders will soon be exhausted. Then, after several years, we will regret that we did not dare invest now," the head of Concorde Capital said.

Mazepa added the group planned to take part in the auction for the sale of a 25% stake in Sumyoblenergo, however, it did not technically manage to fix the application.

AD
AD
AD
AD
AD