Ukrainian DTEK buys 45% stake in electricity producer Krymenergo

DTEK, Ukraine’s largest private coal and power producer, won a bid to buy a 45% stake in power producer and distributor PAT Krymenergo. Ukraine’s state property fund sold the stake in Krymenergo to DTEK for USD 31 mn. The winner outbid TOV Luhanske Energetychne obiednannya.

The Kiev-based DTEK bought half of energy distributor PAT Dniprooblenergo last month and electricity producer PAT Dniproenergo (DNEN) in March. The company’s acquisitions in energy sector also included 40% of power distributor PAT Donetskoblenergo and 45% of electricity producer PAT Zakhidenergo (ZAEN) in January, and 25% of PAT Kyivenergo, a state-owned energy generating and distribution company in December 2011.

Source: Bloomberg