Ukraine Sells Energy Distributor Donetskoblenergo to DTEK

DTEK, Ukraine’s largest private coal and power producer, won a bid for power distributor PAT Donetskoblenergo’s 40 percent stake, its third purchase of power companies in one week.

Ukraine’s state property fund sold the stake in Donetskoblenergo to DTEK for 467.6 million hryvnia ($58 million), according to a statement on the fund’s website today. DTEK, owned by the country’s richest man, Rinat Akhmetov,was the only bidder for 25 percent of power producer PAT Dniproenergo in another auction today, the property fund said.