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Ukraine puts 12 gas companies on sale

Tenders to sell the shares will be held on September 5-20 and will be broadcast online on the Ukraine’s State Property Fund’s website

KIEV, August 15 (Itar-Tass) —— Ukraine’s State Property Fund has put state-owned shares in 12 gas companies on sale on Wednesday, August 15.

The shares put on sale range from 15.9 to 26 percent and are owned by the government in such companies as Dnepropetrovskgaz, Zaporozhgaz, Lugansgaz, Sumygaz, Lubnygaz, Kremenchuggaz, Tismenitsgaz, Vinnitsagaz, Zhitomirgaz, Chernovtsygaz, Volyngaz, and Krymgaz.

Tenders to sell the shares will be held on September 5-20 and will be broadcast online on the Fund’s website.

“The combined value of the shares in these companies exceeds 250 million hryvnia (31.25 million U.S. dollars),” the Fund’s press service said.

The main requirements to be met by potential buyers include investing in the construction of gas pipelines, ensuring reliable and uninterrupted gas supply to consumers and paying debts for the gas consumed.

The owners will also have to carry out repairs and upgrades and take measures to reduce process gas loses. They will also have a number of social obligations.

Earlier, the State Property Fund said that state-owned shares in 42 city and regional gas supplying companies would be put on sale in July-September 2012.

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