The Government has adopted a decision regulating the process of preparing PJSC “Centrenergo” for privatization

On August 19, 2020 the Cabinet of Ministers of Ukraine approved the order  “On recognizing as invalid the order of the Cabinet of Ministers of Ukraine of February 21, 2018     № 111 “On the appointment of an advisor to prepare for the privatization and sale of a block of shares of the public joint-stock company “Centrenergo” in the amount of 78.289 percent of the authorized capital of the company and payment for its services”.

The need to adopt this order is due to the fact that today in accordance with applicable regulations the term of placement of shares and the validity of the conclusion on the value of the state block of shares of PJSC “Centerenergo” has expired as well as the term of office of the adviser shares of PJSC “Centerenergo” which expired on June 30, 2019.

The order adopted by the Government will regulate the process of privatization of a block of shares of PJSC “Centerenergo” to ensure the possibility of further selection and involvement of the privatization Advisor to prepare the asset for a transparent auction.