Trubarov reports before the Cabinet / Photo from UNIAN
Some US$813 million is expected to be earned from the large-scale privatization.
Acting Chairman of the State Property Fund (SPF) of Ukraine Vitaliy Trubarov hopes that the large-scale privatization of Ukrainian state assets will start in October and the Fund will be able to sell all the 26 large companies.
"We count very much that we have time to sell these 26 enterprises by the end of the year," Trubarov told reporters after a government meeting.
"Given the time needed to hire advisers, the time the advisers need to perform their functions, plus open tenders 45 days prior to the sale itself – if we put everything together, then we have it in October. Active sales will be in autumn, through December," he said.
According to Trubarov, the Fund expects that the sale of the large-scale assets will allow it to fill in the state coffers with UAH 21.3 billion, or US$813 million, in receipts from privatization planned for the budget this year.
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The small-scale privatization when small-sized enterprises are to be sold is expected to start in July, he said.
Ukraine's Cabinet on May 10 endorsed a list of state assets for large-scale privatization in 2018. Twenty-six companies whose assets are estimated at least at over UAH 250 million (US$9.545 million) each are on the list. Eighteen of them are managed by the SPF.
Among them 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).