16:07 21.08.2017

Another auction to sell 25% in Odesaoblenergo to fail due to lack of bids

Another auction to sell 25% in Odesaoblenergo to fail due to lack of bids

The repeated auction announced by the State Property Fund (SPF) to sell a 25% stake in Odesaoblenergo scheduled for August 22 will not take place due to a lack of bids, First Deputy Head of the Ukrainian Exchange (Kyiv) Yevhen Komisarov has said.

As reported, Ornex, part of SCM Group, purchased 25% in PJSC DTEK Zakhidenergo and PJSC Kyivenergo on the PFTS stock exchange on August 18, which were offered for sale by the State Property Fund of Ukraine. The price of a 25% stake in DTEK Zakhidenergo amounted to UAH 417.163 million, which is 20% higher than the starting price, while 25% of Kyivenergo shares were bought at a starting price of UAH 759.633 million.

Earlier, on August 16, Ornex also purchased a 25% stake in PJSC DTEK Donetskoblenergo at an auction of the SPF. The auction was held on the Innex stock exchange.

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