Richest Ukrainian makes $3 billion on state asset sales


Rinat Akhmetov, Ukraine’s richest man, added $3 billion to his net worth in the past six months by buying state-owned energy assets.
Akhmetov’s DTEK Holdings BV paid about $600 million to acquire state stakes in some of the country’s leading power generators and distributors that gave him control of about 70 percent of the country’s thermal power output

.
Consolidating the assets almost doubled DTEK’s equity value to more than $8 billion, boosting Akhmetov’s personal fortune to more than $18 billion, according to the Bloomberg Billionaires Index, a daily ranking of the world’s richest people.

  Join Uinvest Now