Ukraine intends to offer for sale from this autumn majority stakes in fourteen of the country's 27 regional electricity distributors, or oblenergos, after the government issued July 29 a resolution for the transfer of the stakes from the state power sector holding company, the Energy Company of Ukraine, to the State Property Fund.rnThe list of oblenergos to be privatized includes majority (60% + 1 share) stakes in Chernivtsioblenergo, Dniprooblenergo, Donetskoblenergo, Kharkivoblenergo, Khmelnitskoblenergo, Krymenergo, Mykolaivoblenergo, Vinnytsiaoblenergo, Volynoblenergo, Zakarpattiaoblenergo and Zaporizhzhiaoblenergo, as well as 51% in Ternopiloblenergo, a 50% + 1 share in Kyivenergo and 46% in Cherkasyoblenergo, Energy Company of Ukraine will retain minority stakes of no more than 15% in some of the mentioned oblenergos. According to the State Property Fund, the oblenergos will be sold in several groups, with tenders or auctions for the sale of first group of companies to be announced by September 10, with the sales expected to continue through to 2010.
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