The state puts up for sale 78.2% of shares of PJSC “Centrenergo”

Государство выставляет на продажу 78,2% акций  ПАО «Центрэнерго»

The state puts up for sale 78.2% of shares of PJSC “Centrenergo”.

Last week the Cabinet of Ministers adopted a decree, which approved the starting price and conditions of sale of JSC “Centrenergo”. Before that the Cabinet of Ministers approved the schedule of preparation for privatization and the tender for the sale of shares of PJSC “Centrenergo”.

This was announced by acting head of state property Fund of Ukraine Vitaly Trebarov on his page in Facebook, reports channel 24.

According to him, the competition for the sale of PJSC “Centrenergo” will be held in late November 2018.

Earlier, the Cabinet of Ministers approved adviser for the privatization of the company – Ernst & Young sp. z o.Ah. Corporate Finance sp.k (EY, Polish unit).

The government also approved the funding of services Advisor at the expense of the state budget in the amount of 3 million dollars.

Under the terms of the contract between the SPF and the EA should collect and analyze economic, technical and financial performance of the company; allow the main indicators of financial statements in conformity with the standards; to audit; to determine the investment attractiveness of the enterprise and ways of its increase, the way of debt restructuring proposals on prices and tariffs of the company’s products, marketing policies; to provide an independent assessment of the property; to find potential investors.

Evaluation of the state block of shares of PJSC “Centrenergo” was carried out by OOO “UVECON”, the head of which is Vladimir Shalaev, on the basis of an agreement with the Advisor.

However, as it became known, on October 2 the Prosecutor General’s office of Ukraine Volodymyr Shalaev charged with suspicion under article 358 of the Criminal Code of Ukraine (forgery).

According to sources in law enforcement bodies, criminal case concerns the valuation of shares of PJSC “Centrenergo”. Thus, sources in the assessment circles say that the fee, OOO “UVECON” made from 500 thousand to 1 million U.S. dollars.

It should be noted that the “selection” of the adviser of the state property Fund and “selection” Advisor to the appraiser, despite the fact that the source of payment is money the state budget passed out of the system ProZzoro.

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