SCM buys blocking stakes in DTEK Dniproenergo, DTEK Dniprooblenergo for UAH 1.7 bln

13:11, 31.08.2017 1 min read

The State Property Fund of Ukraine (SPF) at auctions on Thursday sold blocking stakes (25% of shares) in public joint-stock company DTEK Dniprooblenergo for UAH 1.005 billion and public joint-stock company DTEK Dniproenergo for UAH 728.236 million, the fund has reported on its website.

A total of 1.498 million shares in DTEK Dniprooblenergo were sold at the price of UAH 670.72 per share. The price is 2.05-fold higher than the starting price at the auction.

Two bidders took part in the auction.

The press service of the fund told Interfax-Ukraine that Ornex incorporated in SCM Group bought the stakes.

A total of 1.492 million shares at the price of UAH 488.14 per share were sold.

Despite the fact that two bidders were to take part in the auction, the second bidder did not submit its bid.

The two auctions were held on the PFTS stock exchange.