Officially: privatization of “Centrenergo” is cancelled this year.

Tender for the sale of state-owned blocks of shares PJSC “Centenergo”, which was scheduled for December 13 will not take place.

Vitaly Trubarov, the Acting Director of the State Property Fund of Ukraine commented on this issue on his Facebook page.

“Tender participants – LLC “Ukrdoninvest” and Production Unitary Enterprise “Neftebitum factory” are not admitted to a tender as the documents do not comply with requirements under the law”, Trubarov wrote.   

As he said, documents did not comply with a paragraph on provision of information and copies of documents regarding the connection of people related to the potential buyer. “Also copies of documents were not given for confirmation of receipt of funds amounting not less than the initial sale price of the object. 

Regarding another applicant, its ultimate beneficial owner is a person, who is also the founder of companies registered in the territory of the Russian Federation, which the participant did not disclose in the tender documentation.   

The State Property Fund of Ukraine was aimed to sell state-owned blocks of shares PJSC “Centenergo” (78,2% of shares) at an auction with a starting price of 5.9 billion UAH. 

It was reported previously about five participants, who was interested in a tender. However, later it became clear, that only two of them had made an obligatory payment – Vitaly Kropachev’s company (who could not explain the origin of his funds) and the Belarusian enterprise “Neftebitum factory”.   

The Privatization Advisor of “Centrenergo” is the Polish division of EY - Ernst & Young z Corporate Finance sp.k.  

Earlier, Kosatka.Media wrote that it is likely that a tender for the sale of “Centrenergo” will be canceled and re-announced next year. 


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