The Cabinet “put a price” on Centrenergo

Кабмин "повесил ценник" на Центрэнерго

Selling Centrenergo expect to earn about 6 billion hryvnia

Competition for the sale of Centrenergo will be held in late November. Over 78% of state block of shares of the company are planning to gain at least 5,984 billion.

The government meeting on Wednesday, October 3, approved the starting price for privatization of state energy generating company Tsentrenergo.

So, the Cabinet decided to sell 78.3% of the state stake in the company with a starting price of 5,984 billion.

In addition, among the conditions of sale, the Cabinet approved the commitment to consider the recommendations of the environmental audit in may 2018, commissioned by the state property Fund.

Also approved a condition to dividends purchased in the process of privatization of the state package of shares.

Note the competition for the sale of Centrenergo will be held in late November. With the company authorities are planning to start a large privatization, which they say is already the fifth year.

We will remind, the government expects that the sale hasobject will bring to the budget of 21.3 billion.

As reported, Centrenergo in 2017, increased its net profits 4.9 times (1.5 billion UAH) compared to 2016 year – on-year to 1.89 billion.

 

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