The Cabinet of Ministers has extended the timeframe to sell through the stock exchanges 25% blocking stake in energy companies – Donbasenergo, DTEK Dniproenergo, DTEK Zakhidenergo and DTEK Dniprooblenergo, as well as DTEK Donetskoblenergo, Kyivenergo, and Odesaoblenergo – until November 30, 2016.
This follows the expiration of a previously set deadline in July.
The Ukrainian government unanimously approved a corresponding resolution at its meeting on Friday, July 22.
”The plans for offering the shares of these companies provide for the terms of their sale on the stock exchanges. The previously determined deadlines expired in July. This resolution proposes the timeline extension until November 30, 2016,” First Deputy Head of the State Property Fund (SPF) Dmytro Parfenenko said while reporting the government resolution.
As UNIAN reported earlier, the SPF had blocked the conversion of DTEK Dniproenergo, DTEK Dniprooblenergo, DTEK Zakhidenergo, DTEK Donetskoblenergo and Kyivenergo from public to private enterprises.
It was felt that the state would not be able to properly supervise private joint-stock companies due to the less rigid disclosure requirements.
The State Property Fund, in April, postponed the dates of the auctions for selling 70% of the state`s shares in Khmelnytskoblenergo and Mykolaivoblenergo, 65% of its shares in Kharkivoblenergo, 50.9% of its shares in Ternopiloblenergo, 60.2% of its shares in Zaporizhiaoblenergo and 46% of the state`s shares in Cherkasyoblenergo from June-July 2016 to October-December this year.
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