Big sale: Ukraine publishes list of assets to be offered for large-scale privatization in 2020

Ukraine's State Property Fund has published a list of assets that will be offered for large-scale privatization in 2020. The list featuring 21 enterprises was published in the Vidomosti Pryvatyzatsii bulletin. The list includes eleven enterprises in the energy sector, namely Centrenergo, Ternopiloblenergo, Zaporizhiaoblenergo, Kharkivoblenergo, Mykolaivoblenergo, Khmelnytskoblenergo, Khersonska combined heat power plant (CHPP), Dniprovska CHPP, Kryvorizka CHPP, Odeska CHPP, and Sievierodonetska CHPP. In addition, the government plans to sell the United Mining and Chemical Company, the Krasnolymanska coal company, Azovmash (the management company of Ukraine's leading heavy engineering group), and Electrotyazhmash (a manufacturer of turbines and hydrogenerators). Such chemical producers as Sumykhimprom, Odesa port-side chemical plant, Oriana, and Indar (insulin production) are on the list. President Hotel and Ukragroleasing (leases out farming equipment) are also included. The list was formed under a resolution issued by the Cabinet of Ministers on January 16, 2019, the Fund said. "The Cabinet resolution is an act for which a deadline has not been set, that is, order No. 36-r of January 16, 2019, remains in effect in 2020," it said. "We would also like to inform that shares of JSC United Mining and Chemical Company and state-run Electrotyazhmash enterprise were transferred to the Fund in 2019. The Fund has drafted a Cabinet resolution to amend the annex to the Cabinet's No. 36-r resolution dated January 16, 2019. This draft is under consideration by the Ministry of Justice of Ukraine," it said. As UNIAN reported, Ukrainian President Volodymyr Zelensky has repeatedly said that Ukraine will conduct large-scale privatization in the next five years, and urged foreign investors to take advantage of this.

Big sale: Ukraine publishes list of assets to be offered for large-scale privatization in 2020

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