It is reported that the starting price of a 50% state owned stake in the charter capital of public joint stock company Zakarpattiaoblenergo an electricity supply company at the privatization tender has been set at UAH 135 million.

The conditions of the tender are approved by cabinet resolution No. 1162 of November 2, 2011, which was posted on the government's Web site on Monday.

According to the conditions, bidders has to have had generated electricity itself of a volume of at least 30% of the amount of electricity generated by Zakarpattiaoblenergo within the past three years or own a company that has generated or transmitted such an amount of electricity.

The conditions are similar to the conditions of the tenders for a 25% stake in Kyivenergo and a 40.061% stake in Donetskoblenergo announced earlier. In addition, the winner is to invest UAH 5 million under a concept on the company development.

A total of 62,301,621 shares have been put up for sale. The starting price per share is UAH 2.17 while on the Ukrainian Exchange they are listed at the following rates: purchase UAH 0.30 per share and sale UAH 1.00 per share. The last deal was signed in early September at UAH 1.00 per share.

(Sourced from www.interfax.com.ua)