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April, 26

Akhmetov failed to reformat 6 energy companies into private joint-stock companies

04/26/2016 12:55:49 pm
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Kievenergo, Krymenergo DTEK and Donetskoblenergo DTEK will not be reformated into private joint stock companies. The corresponding proposal didn’t receive required number of votes at the general meeting of the public joint-stock companies on April 22nd and April 25th, - reports State Property Fund.

On April 25th Kiev hosted a general meeting of shareholders of Kievenergo PJSC and Krymenergo DTEK PJSC, during which shareholders should have considered changing the type of company from public to private joint stock company.

"The representatives of the State Property Fund signed up at the meeting and did not vote for this decision, so it was not accepted," - reported the State Property Fund.

As reported by Ukrainska Pravda, on April 22nd there was a general meeting of shareholders of Donetskoblenergo DTEK PJSC in Kramatorsk Donetsk region who considered a similar question.

"Representatives of the State Property Fund also didn’t allow to change the type of company," - reported the press service of the fund.

On April 21st there was a meeting of shareholders of Zakhidenergo DTEK in Lviv at which representatives of the State Property Fund also didn’t vote to change the type of company from PSC to PrJSC, so it was not accepted.

On April 19th representatives of the State Property Fund also didn’t vote for the change at the shareholders’ meeting of Dneprooblenergo in Dnepropetrovsk.

On April 18th the SPF position blocked the process of changing the type of company at the meeting of shareholders of Dneprooblenergo DTEK in Zaporozhye.

Thus, last week similar meetings were held in the six companies of DTEK in which Rinat Akhmetov owns a controlling stake while 25% belong to the state.

Earlier MP from Petro Poroshenko Bloc faction Sergey Leshchenko said that Akhmetov would try to take sole control of six energy companies: Dneproenergo, Zakhidenergo and Donetskoblenergo, Dneprooblenergo, Kievenergo and Krymenergo.

If the company became private joint-stock companies, in the case of privatization of the state share in these enterprises a priority right of redemption of 25% of the shares would be given to Akhmetov.