Business
privatizationState Property Fund sold one fourth of Vinnytsiaoblenergo for UAH 112.7 mn
The State Property Fund sold 25% of shares of energy supplying company Vinnytsiaoblenergo to Aktiv Fund (Dnipropetrovsk) for UAH 112.7 mn (US $7.17 mn), as the fund reported.
The starting price of stake amounted to UAH 81.7 mn (US $5.2 mn).
Four companies participated in the auction.
As a reminder, Vinnytsiaoblenergo completed 2013 with a profit of UAH 63.895 mn (US $4.06 mn) increasing its net income by 5.7% or by UAH 66.272 mn (US $4.22 mn) to UAH 1.236 bn (US $ 80 mn) compared with 2012.
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