Company from SCM Group buys 25% of shares in DTEK Donetskoblenergo

12:02, 16.08.2017 1 min read

Ornex, part of SCM Group, has bought a blocking stake (25% of shares) in public joint-stock company Donetskoblenergo at an auction held by the State Property Fund of Ukraine (SPF) on August 16, the group has said in a press release.

"The acquisition of 25% of shares in DTEK Donetskoblenergo for SCM is a portfolio investment. DTEK remains a strategic manager as a majority shareholder holding 71.5% of shares in DTEK Donetskoblenergo," the group said.

As reported, the SPF at an auction on August 16, 2017 sold a blocking stake (25% of shares) in DTEK Donetskoblenergo at the starting price of UAH 143.8 million.

An Interfax-Ukraine correspondent has reported that only one bidder took part in the auction. The bidder did not increase the price.

The auction was held on the INNEX stock exchange.