Dnipropetrovskgaz

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Ukrainian natural gas distribution company Dnipropetrovskgaz was partially divested in September 2012. The winning bidder was Gaztek JSC, from Kyiv, Ukraine. By winning the bid, Gaztek expanded its share in Krymgaz with 26.0%.to 50.85%. Gaztek JSC was 96% held by four Cyprus-based companies. Regardless of its majority position, the state maintains a "blocking stake". Two final bidders participated in the tender, the second firm being Finlex-Invest (Kyiv). Under the tender, the winning bidder was required to invest UAH 5.21 million ($0.64 million) in the firm within three years. Total value of the winning bid was UAH 58 million ($7.1 million). The Ukrainian bank representing Gaztek was Nadra Bank, Nadra Bank was 89.9% owned by Centragas Holding AG, from Austria. Gaztek raised UAH 250 million to purchase shares in Dnipropetrovskgaz as well as 11 other natural gas utilities: Volyngazm (23.4%), Sevastopolgaz (25%), Zaporizhgaz (25%), Dnipropetrovskgaz (26%), Chernivtsigaz (20.4%), Zhytomyrgaz (15.9%), Syrnygaz (25.8%), Gaztek (23%), Ivano-Frankivskgaz (25%) and Kykolaivgaz (25%). Financial closure date was unavailable, reported here is month of tender winning. http://business.highbeam.com/407705/article-1G1-301757100/gaztek-wins-tender-26-dnipropetrovskgaz Gaztek wins tender for 26% of Dnipropetrovskgaz. Article from: Russia & CIS Business and Financial Newswire | September 5, 2012 | Copyright Gaztek wins tender for 26% of Dnipropetrovskgaz KYIV. Sept 5. (Interfax) - Kyiv-based Gaztek has won a tender for the privatization of 26% of the gas utility Dnipropetrovskgaz, bidding UAH 58 million ($7.3 million). There was one rival bidder, Finlex-Ukraina, which dropped out after the starting price of UAH58 million was raised once, an Interfax correspondent reports. The winner must invest UAH5.21 million in Dnipropetrovskgaz in three years. Gaztek now owns 50.85% of the company. The state will retain a blocking stake. Last week, Gaztek won a tender for 25% of shares in gas supply and gasification enterprise Ivano-Frankivskgaz, offering UAH …