State Property Fund expects first sales of large-scale privatization facilities midyear – economy ministry

Photo from UNIAN Ukrainian Deputy Minister of Economic Development and Trade Maksym Nefyodov has said the State Property Fund (SPF) expects the first sales of large-scale privatization facilities to take place this summer. Speaking during a Q&A hour in the Verkhovna Rada on March 22, the official said successful tenders were expected to be held for those objects for which the results of contests for choosing investment advisors were not appealed in court. "We have several companies which, fortunately, are not appealed, and the preparation process is quite lively there, so the State Property Fund vows to reach the effective tenders in the middle of this year," Nefyodov said. Read alsoUkraine gains EBRD support for large-scale privatization in 2019 As UNIAN reported earlier, the Cabinet of Ministers of Ukraine plans in 2019 to get UAH 17.1 billion from privatization. This amount is laid in the state budget for this year. The state budget for 2018 provided for UAH 21.3 billion in privatization revenues, but in the end, this amount was under UAH 300 million. Among assets set to be sold are regional power generating company Centrenergo, Odesa Port-Side Chemical Plant, Sumykhimprom chemical plant, Zaporizhia titanium and magnesium plant, President-Hotel, turbine manufacturer Turboatom, machine-building enterprise Azovmash, Aluminium foil plant, and chemical producer OJSC Oriana. Five regional power distribution companies (Ternopiloblenergo, Zaporizhiaoblenergo, Kharkivoblenergo, Mykolaivoblenergo, and Khmelnytskyoblenergo) and four thermal power companies (Khersonska CHPP, Dniprovska CHPP, Kryvorizka CHPP, and Severodonetska CHPP). All the mentioned 18 enterprises are managed by the SPF. Other assets that are to be sold amid the large-scale privatization are the Agrarian Fund and the State Food and Grain Corporation (managed by the Agrarian Policy and Food Ministry); United Mining and Chemical Company, Electrotiazhmash plant, Dniprovsky electric locomotive plant (managed by the Ministry of Economic Development and Trade of Ukraine); UkrAgroLeasing (the Cabinet of Ministers), PrJSC Indar (the Health Ministry), and Krasnolymanska coal mine (the Energy and Coal Industry Ministry).

State Property Fund expects first sales of large-scale privatization facilities midyear – economy ministry

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