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
New rules for the EU's single market will make it easier to live and do business anywhere in Europe.
more »
MEPs were disappointed that the Commission's EU budget review document had not sought the radical revision that the EU needs, they told Budgets Commissioner Janusz Lewandowski in a Policy Challenges Committee debate on Thursday.
more »
On 25 October, the Commission adopted the decision to financially support the 2011 electoral process in the Central African Republic.
more »
New EU framework for crisis management in the financial sector for managing problems before they spiral out of control.
more »
The financial crisis laid bare the limits of self-regulation, demonstrating the need for strong EU economic governance, surveillance and policy co-ordination, say two non-legislative resolutions voted by Parliament on Wednesday.
more »
The European Commission has approved an application from Germany for assistance from the European Globalisation adjustment Fund (EGF).
more »
Global and EU- level taxes on financial sector would help to fund international challenges such as development or climate change and fix the fallout from the global economic crisis.
more »
The European Investment Bank and African Development Bank today agreed to provide EUR 45m to design, build and operate onshore wind farms on four islands in the Cape Verde archipelago.
more »
MEPs want future EU budgets to accommodate new policy priorities as well as negotiations on new sources of financing.
more »
The European Parliament's Budgets Committee on Monday backed EU funding for 3,731 workers in Portugal, the Netherlands, Spain and Denmark who were made redundant due to the closure of their companies.
more »