Staff Writer National power grid Unified Energy Systems (Russia) is close to acquiring stakes in a number of Ukrainian utilities
Published:
24 November 2003 y., Monday
Staff Writer National power grid Unified Energy Systems (Russia) is close to acquiring stakes in a number of Ukrainian utilities, a company spokesman confirmed Friday.
The UES statement comes amid speculation that a deal worth up to $100 million has already been sealed.
"At present [UES] has completed preliminary negotiations on acquiring stakes in a number of power companies in Ukraine," UES spokesman Andrei Yegorov said.
Earlier on Friday, Vedomosti reported that UES had already completed the deals, citing a top Russian investment banker close to the negotiations.
According to the paper, UES has already acquired a 40 percent stake in each of five Ukrainian regional distribution companies from structures close to embattled Ukrainian oligarch Konstantin Grigirishin.
The companies are Lvivoblenergo, Poltavoblenergo, Sumyoblenergo, Chernigovoblenergo and Prikarpatoblenergo. Yegorov neither confirmed nor denied this report, calling it "premature."
The chairman of the Ukrainian State Property Fund, Mikhail Chechetov, refuted the Vedomosti report.Last week Ukrainian Fuel and Energy Minister Sergei Yermilov called the Russian company's participation in the privatization process "an absurdity" as long as UES is not restructured and continues to be a state monopoly.
Šaltinis:
themoscowtimes.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Statistics Lithuania has calculated that, based on provisional data, FDI in Lithuania in 2009 amounted by 5.3 % more than in 2008. Also, direct investment of Lithuanian enterprises abroad grew by 13.9 % in 2009.
more »
Concerns about foreign fish being sold in Europe and what to do about the future of Europe's fisheries industry were aired in a hearing held by the Fisheries Committee on 8 April.
more »
EU opens public debate on its agricultural policy, the prelude to a major reform in 2013.
more »
The European Commission today launched a €35 million call for eco-innovation projects to be funded under the Competitiveness and Innovation Programme.
more »
Bank SNORAS group company Finasta Holding recruits all funds management and investment companies of the group in the Baltic States.
more »
The European Central Bank (ECB) and the European Commission are jointly holding a high-level conference on financial integration and stability at the ECB’s premises in Frankfurt am Main.
more »
Today, the European Central Bank (ECB) is publishing its fourth Report on Financial Integration in Europe, which notes the return towards integration in the European financial markets.
more »
World Bank Group financial commitments since July 2008, just before the full fury of the financial crisis hit, reached US$ 100 billion today as the institution helped countries respond to and recover from the global downturn.
more »
On March 31, 2010, the Executive Board of the International Monetary Fund concluded the Article IV consultation with Serbia.
more »
The International Monetary Fund and the United Kingdom’s Department for International Development have launched a new project to improve macroeconomic statistics in 23 African countries. DFID will provide US$7.5 million over the next five years to support the project.
more »