The Cabinet of Ministers cancelled Yanukovych which has allowed Akhmetov's to seize "Dneprenergo"

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The cabinet abolished the order of N407-р of the June 13, 2007, allowing increase in an authorized capital of the Dneprenergo power generation company (Zaporozhye).

The Minister of Fuel and Energy Yury Prodan reported to journalists about it.

"The decision приято", - he told.

As it was already reported, on April 18 the Kiev district administrative court recognized unauthorized this order of the government.

The Cabinet of Ministers this order charged to the National joint stock company "Energy Company of Ukraine" operating the state equity stakes of the power companies, to vote for increase in UF "Dneprenergo". Shareholders of the company decided to increase on August 27, 2007 an authorized capital by 51,086 million hryvnias to 149,186 million hryvnias by issue of new stocks in connection with joining to the Investment Society company (Donetsk).

As a result of an additional issue "Donbass toplivno - the energy company" (the businessman Rinat Akhmetov controls) consolidated 44,279% of actions of "Dneprenergo", and the package of NAK "EKU" was reduced from 76,04% to 50% + 1 action.

This additional issue was registered by the State commission on securities and stock market, but registrar "Dneprenergo" - the Ukrneftegaz finance company didn't make corresponding changes to the register.

Besides, "Business - Ivest" challenged in vessels all decisions of shareholders of "Dneprenergo" of August 27, and the Supreme Court the resolution cancelled on April 8 increase in an authorized capital of "Dneprenergo", and also cancelled all decisions made at this meeting.


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