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US AEG Corporation sells stakes in two oblenergos for $113 million
Journal Staff Report

KIEV, Feb. 27 – U.S. AES Corporation has sold its 89.1% stake in power supply company PJSC AES Kyivoblenergo and an 84.6% stake in AES Rivneoblenergo to VS Energy International for $113 million, according to a posting on the Web site of AES Corporation.

The carrying value of the assets of the two power supply companies at the end of 2012 was $131 million.

"The company plans to recognize a loss of $20 million to $26 million from the reduction in the value of its assets, excluding the costs of the transaction," reads the report.




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