OREANDA-NEWS. August 19, 2010. The State Property Fund (SPF) of Ukraine sold its remaining stake (25%) in Prykarpattyaoblenergo, a regional electricity distribution company, to the majority shareholder, the Ukraiain Stock Exchange (UX) reported Aug 17. The acquisition cost stands at 86.4mn, or UAH 3.33 per share.

We see this news as neutral for the stock. The stake was sold to the current majority shareholder, the Surkis brothers, who faced no competition at the auction. This accords with the unpublished agreement between the three major groups of DisCos owners - Pryvat Group, Surkis brothers and Energostandart, who agreed to split the spheres of influence in the sector back in Feb 2010.