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
When you fill up your car with petrol you often find that your hand will reek of petrol unless you have worn gloves.
more »
The EU is going through its worst recession since WWII. Inflation has slowed, but employment and public finances are hard hit. The situation should stabilise in 2010.
more »
In the current economic environment, banks should carefully analyze the current and future total cost of ownership of their technology assets, and evaluate the outsourcing alternative.
more »
Commission proposes first EU law on hedge funds and issues guidelines on bank pay practices.
more »
On 30 April, Lithuania’s Minister of Foreign Affairs Vygaudas Ušackas took part in the round table discussion “The European Union’s External Trade Policy and Lithuania’s Positions: Threats and Possibilities for the Lithuanian Industry”.
more »
Since 28 April this year, the clients of AB Bank SNORAS will be able to process their financial matters in a clearer and more user-friendly environment of “Internet Bank+” system.
more »
2009 ageing report: Europe tackling the challenge of an ageing population but the recession threatens a setback.
more »
More choice, investment and security of supply lie at the heart of the 3rd energy package.
more »
Swine flu, a new strain of influenza, has so far left more than a hundred dead. But in one sector, the illness could have huge benefits.
more »
Central European bargain hunters are crossing borders for the best buys. Slovakian shoppers in Hungary are making the most of their new eurozone membership.
more »