DTEK has closed the transaction on purchase “Odessaoblenergo” and “Kievoblenergo”

ДТЭК закрыл сделки по покупке "Одессаоблэнерго" и "Киевоблэнерго"

Both companies published ads in the media about the recall since may 17 previously issued powers of attorney.

DTEK has completed the acquisition of 68,2949% of shares of JSC “Odessaoblenergo” and 93,9978% PJSC “Kyivoblenergo” VS Energy holding company, has informed Agency “Interfax-Ukraine” in the company.

“The company develops the program of development of electric networks in Kiev and Odessa regions. The goal is to improve the quality and reliability of electricity distribution, improving client services,” – said the press service of DTEK.

Both companies published ads in the media about the recall since may 17 previously issued powers of attorney. In addition to “Odessaoblenergo” on Thursday said the disclosure system NKTSBFR, that stake in the ownership of “DTEK oil & gas” may 10, grew up with 16,773013% to 68,29488% of the share capital. The maximum price at which DTEK bought shares over the last 12 months, averaged 3.13 UAH apiece, the document says.

According to the report “Odessaoblenergo” at the beginning of 2019 the major shareholders of the company was LLC “VS energy international Ukraine” – 32,522649%, VS Energy International NV (the Netherlands) – 17,983159%, “Kyivoblenergo” – 9,253295% and the state 25%. In January, “DTEK oil & gas” became the owner of 16.77% of the shares, VS Energy International NV increased its share to 51,52%, and VS Energy International NV and “Kievoblenergo” was published from among the shareholders.

The total number of shares of “Odessaoblenergo” 608 million 495,56 thousand pieces.

The company noted that during his work he invested in the distribution business of electricity of more than $300 million In DTEK consider their distribution company in Kiev, Dnepropetrovsk and Donetsk (in the controlled territories), one of the most efficient and reliable in the country. In particular, the unplanned outages of consumers they have 30-70% less than the average (excluding the front-line areas), and the loss of electricity is almost half that stated in the holding.

The program of development of electric networks in Kiev and Odessa regions will be focused on the system of digitalization of infrastructure management, increase security of supply and quality of customer service, stated the company.

The press service with reference to the General Director of DTEK Network Ivan Galuga noted that the national regulator the national Commission monitors the work of operators of the distribution system, imposing obligations on the unconditional provision of access network infrastructure from any vendor of electricity. “Thus, the concentration of new assets DTEK does not restrict the customers in the market able to choose from whom they buy electricity. Today the market of electricity supply customers is fully competitive, and DTEK supports the development of competition”, – said Galuh.

In his words, to simplify connections to electric grids in each region, DTEK has established a special Department for new connections and optimization of internal processes. As a result, for example, in the river last year were able to connect 2.5 times more new customers to the grid – almost 8 thousand

“Odessaoblenergo” by the end of 2018, reduced net profit 5.3 times compared to 2017 year – to 0,94 million, and its revenue increased by 11.2% – to 8 billion 425,387 million.

“Kievoblenergo” in 2018 increased net profit by 6.8% to 233,16 million, and its revenue increased by 18% – to 9 billion 470,99 million.

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