13:29 14.04.2016

SPF opposes energy company changes proposed by DTEK

2 min read
SPF opposes energy company changes proposed by DTEK

Ukraine's State Property Fund opposes the change of the type of companies DTEK Dniproenergo, DTEK Zakhidenergo, DTEK Donetskoblenergo, DTEK Dniprooblenergo, Kyivenergo and DTEK Krymenergo from public joint-stock companies (PJSC) to private joint-stock companies (PrJSC) proposed by DTEK, the fund's press service reported.

"The negotiations on the change of the type of the above-mentioned companies were not held with the fund as a shareholder in them. The fund did not receive any official notifications [which are obligatory] on adding the issues to the agenda of general meetings of shareholders… If the agenda of any public joint-stock company from DTEK Group would have the issue of changing the type of the companies to private ones, representatives of the fund will vote against this decision or would not vote at all [if there were no the agreed order of the government]," the fund said.

This change is not beneficial for the state. It would be more difficult to control the operation of private joint-stock companies.

The fund said that at least three quarters of shareholders must agree to change the type of the companies.

"If representatives of the state will vote against the change of the type of the companies, the decision would not be passed at all," the press service said.

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