Ukraine Sells 50% Stake in Vinnytsyaoblenergo for $21.95 Million

Ukraine’s state property fund sold 50 percent of electricity distributor PAT Vinnytsyaoblenergo (VIEN) for 176.2 million hryvnia ($21.95 million), as part of a drive by the government to raise 10 billion hryvnia from asset sales.

The buyer was TOV Luhanske Energetychne obiednannya, the fund said today in a statement on its website.

On Feb. 6, the fund said Ukraine had raised 2.43 billion hryvnia from state asset sales since the start of the year.

To contact the reporter on this story: Daryna Krasnolutska in Kiev at dkrasnolutsk@bloomberg.net;

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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