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
The EBRD is supporting the modernisation of transport infrastructure in Serbia with a €150 million sovereign loan to finalise the construction of a new motorway section along the strategic Corridor X.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Romania’s economic performance under a program supported by a 24-month Stand-By Arrangement (SBA).
more »
The Executive Board of the International Monetary Fund (IMF) today approved a three-year, SDR 13.57 million (about US$21.5 million) arrangement under the Poverty Reduction and Growth Facility (PRGF) for the Union of the Comoros.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the second review of Mongolia's economic performance under a program supported by an 18-month Stand-By Arrangement (SBA).
more »
Parex banka has established a subsidiary, SIA NIF (“Nekustamo īpašumu fonds”, or “Real Estate Fund”), which will professionally manage assets that are not related to the Bank’s core business.
more »
In his address at the Lithuanian-Belarusian Business Forum “Belarus and Baltic States: new prospects for cooperation”, Prime Minister Andrius Kubilius has pointed out that Lithuania sees Belarus as creating its future in Europe...
more »
JDRF Employs VoIP and Web-Based Video Collaboration Enabled by Cisco for More Effective Teamwork Among Employees and Constituents.
more »
On 16 September 2009, AB Bank SNORAS group finished the transaction during which it purchased from AB “Invalda” with its own funds 100 per cent of the shares of AB “Finasta įmonių finansai”, managing AB Bank “Finasta”.
more »
Federal Reserve Chairman Ben Bernanke that the worst U.S. recession since the Great Depression was probably over, but the recovery will take time.
more »
Growth expected to return in the second half of 2009. Forecasts are still uncertain but fears of a severe, prolonged recession are fading.
more »