DTEK has announced its intention to concentrate 68.2949 percent of the shares of JSC Odesaoblenergo and 93.9978 percent of PrJSC Kyivoblenergo owned by VS Energy Group.
DTEK Oil&Gas LLC (Ukraine) and NGR B.V. (the Netherlands), wholly-owned subsidiaries of DTEK B.V., signed an agreement to acquire 68.2949% of the JSC Odesaoblenergo (“Odesaoblenergo”) and 93.9978% of the PJSC Kyivoblenergo (“Kyivoblenergo”)
Odesaoblenergo and Kyivoblenergo are electricity distribution system operators in the Odesa and Kyiv regions respectively and do not carry out any electricity supply activities. Both companies are a natural monopoly and fully regulated by the National Energy and Utilities Regulatory Commission (“NEURC”).
Acquisition is subject to receiving necessary permits from the state authorities, including anti-trust approval.