Bloomberg News

DTEK Wins Bidding for 50% of Power Distributor, Interfax Says

April 17, 2012

DTEK, Ukraine’s biggest private coal and power producer, acquired 50 percent of energy distributor PAT Dniprooblenergo in an auction, Interfax-Ukraine newswire reported.

DTEK offered 660.1 million hryvnia ($82 million) for the stake; the starting price was 600 million hryvnia, the newswire reported.

-- Editor: Alan Purkiss

To contact the reporters on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net;

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net;


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