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DTEK to contest court ruling voiding Dniproenergo stake privatization
Journal Staff Report

KIEV, July 31 – DTEK will file a counterclaim against a ruling of the business court of Kiev that declared the privatization of 25% of shares in public joint-stock company Dniproenergo (Zaporizhia) by DTEK illegal, the energy holding said in a report.

The court issued the ruling on July 30 after hearing a claim of the Public Prosecutor's Office against the Cabinet of Ministers, the State Property Fund and DTEK Holdings Limited (Cyprus).

"Gross infringements were committed during the court process. Proof and petitions of representatives of the Cabinet of Ministers and DTEK were not taken into consideration and were not studied. Unfortunately, the court upheld the absolutely invented claim," DTEK Chief Legal and Regulatory Officer Oleksiy Zakharchuk said.




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