KIEV, May 14 – The State Property Fund sold a 25% plus one share stake in Chernihivoblenergo, a regional electricity supply company, on Thursday for UAH 223.423 million to On-line Capital Ltd.

The initial price of the stake was UAH 119.019 million.

The second company that took part in the bidding was TEKT-Trade Ltd.

As reported, the State Property Fund plans by late May to sell blocking stakes in six regional energy supply companies on stock exchanges. A stake in Lvivoblenergo was sold on April 29 on the Kiev-based Innex stock exchange for UAH 197.852 million to TEKT-Trade Company.