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Ukraine Plans to Sell Stakes in 11 Energy Companies This Year

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April 13 (Bloomberg) -- Ukraine’s government plans to sell its stakes in 11 energy producers and distributors this year as President Viktor Yanukovych seeks to speed up state-asset sales.

Stakes to be sold include 50 percent of electricity distributors AK Vinnytsiaoblenergo, VAT EK Dniprooblenergo and VAT EK Zakarpattyaoblenergo, according to a statement on the government’s website.

The government will also sell 25 percent of energy generating company AK Kyivenergo, 45 percent of VAT Krymenergo, 45.1 percent of VAT Zakhidenergo, 25 percent of VAT Dniproenergo, 40.06 percent of VAT Donetskoblenergo, 25.99 percent of VAT Ternopiloblenergo, 45 percent of VAT EK Chernivtsioblenergo and 21 percent of VAT Cherkasyoblenergo.

Ukraine sold its 92.79 percent stake in VAT Ukrtelecom, a national phone company, for 10.575 billion hryvnia ($1.3 billion) last month. In 2005, the country’s biggest steel mill was sold to ArcelorMittal for $4.8 billion.

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

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

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