SPF mulling creation of fund to manage minority stake in regional power supply companies

14:52, 12.04.2016 1 min read

Ukraine's State Property Fund (SPF) is studying the transfer of blocking stakes of shares in regional electricity supply companies left in state ownership to the management of an ad hoc fund, SPF Head Ihor Bilous has said.

"As for the minority stakes in regional electricity supply companies, I said many times that it would be hard to sell them. They influence nothing. They would not be interesting for a wide circle of investors… We jointly with the National Commission for Securities and the Stock Market are studying Eastern European experience of creating a separate fund to manage these minority stakes," he wrote on his Facebook page.

Bilous opposes the idea of introducing the drag-along principle in the sale of minority stakes in regional electricity supply companies presented by Energy and Coal Industry Minister Volodymyr Demchyshyn.