System Capital Management (SCM), associated with domestic tycoon Rinat Akhmetov, increased its shareholding in Donetskoblenergo via satellite Ornex company. Ornex bought a blocking stake from SPF of Ukraine at the reserved price. The investments are a sort of portfolio investments, as DTEK remains major shareholder of the electricity producer.
To note, Zakhidenergo and Kyivenergo will trade their blocking stakes at local burse PFTS on August 18. 25% stake of Zakhidenergo has a reserved worth of UAH 348mln (USD 13mln), and Kyivenergo’s blocking stake is estimated at UAH 760mln (USD 28mln).
