Ukristgas became the owner of Volynoblenergo
A block of 75% of shares of PJSC Volynoblenergo now belongs to Ukristgas at the price of 462 million UAH. Ukristgas is a subsidiary of the Austrian company ITONS Holding Gmbh. Earlier in 2012 ITONS Holding Gmbh bought 94.48% of shares of «Kharkiv combined heat-and-power plant-5» company at the price of 339.9 million UAH.
The competition on the market for the shares of Volynoblenergo led to the increase of the initial price to 6 million UAH. Other companies wishing to own the stake of Volynoblenergo became «S. Energy-Zhitomir» and «Dragon Capital» (Kiev).
Let's remind, that the State Property Fund (SPF) of Ukraine late in November, 2013 announced the competition of the sale of 75% of shares of PJSC Volynoblenergo on the auction principle. According to the tender, 357.96 million shares of energy companies were put up for sale at a starting price of 456 million UAH.