DTEK Group to acquire the majority shareholding in Odesaoblenergo and Kyivoblenergo

DTEK Group to acquire the majority shareholding in Odesaoblenergo and Kyivoblenergo

DTEK04 January 2019

On January 3rd, 2019, DTEK Oil&Gas LLC (Ukraine) and NGR B.V. (the Netherlands), wholly-owned subsidiaries of DTEK B.V., signed an agreement to acquire 68.2949% of the JSC Odesaoblenergo (“Odesaoblenergo”) share capital and 93.9978% of the PJSC Kyivoblenergo (“Kyivoblenergo”) share capital.

Odesaoblenergo and Kyivoblenergo are electricity distribution system operators in the Odesa and Kyiv regions respectively and do not carry out any electricity supply activities. Both companies are a natural monopoly and fully regulated by the National Energy and Utilities Regulatory Commission (“NEURC”).

Acquisition is subject to receiving necessary permits from the state authorities, including anti-trust approval.

Reference

DТЕК is the largest private investor in Ukraine’s energy sector.
DTEK Group produces coal and natural gas, generates electricity at the termal, solar and wind power plants, distributes electricity, supplies electricity to end consumers, provides energy efficient solutions and develops a network of EV charging stations.
In 2018, DTEK’s capital investments totalled UAH 20 bln. besides, the company paid UAH 27 bln of taxes. DTEK employs 80 thousand people. The company is 100% owned by SCM Limited. Ultimate beneficial owner – Rinat Akhmetov.

Corporate Communications Department
DTEK
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