UNIAN
The State Property Fund, the main body in Ukraine in charge of the privatization of state property, intends in July-August to sell stakes in a number of companies, namely 5% of the shares of Odessa port plant, and 25% stakes in energy supply companies Dniprooblenergo, Dniproenergo, Zakhidenergo and Kyivenergo, according to the Decree of the State Property Fund No. 829, published in the official press.
As noted, the offered stakes are to be sold on the stock exchanges.
It is also noted that in September-December further privatization of Odesa port plant and power facilities is planned, in particular, a 70% stake of Nikolaevoblenergo, 70% of Khmelnitskoblenergo, 50.9% of the shares of Ternopiloblenergo and 99.9% of the shares of Dniprodzerzhynsk heating and power plant; in October - 65% of the shares of Kharkivoblenergo; in November - 94.9% of the shares of Odesa heating and power plant, 94.8% of the shares of Kherson heating and power plant and 94.6% shares of the Odesa port plant; and in December - 55.2% of the shares of Zaporizhzhiaoblenergo.
In addition, in September the sale is planned of a 50% stake in Ukrnaftoprodukt, in October - 25% of Dnieper engineering plant, in October - 95% of the shares in Dneprmetrostroi and 50% of the machine-building association Orion, and in December - 94 9% of the shares of Sumykhimprom.
According to the decree of the State Property Fund, these stakes will be sold once sales conditions are agreed with the Cabinet of Ministers.
As UNIAN reported earlier, in spring 2015, Ukrainian government presented a plan for the privatization of state enterprises. The list includes 286 entities, of which 43 entities are prohibited for privatization. They can be sold subject to the decision of the Verkhovna Rada.
It is expected that the privatization program will help attract UAH 17 billion in funds to the budget.
According to the government, the large-scale privatization in Ukraine may be carried out in the second half of 2015. Thus the main goal is to attract mainly European and U.S. investments. In addition, Ukrainian government intends to hold special investment conferences in Berlin, Washington and Paris to promote investment opportunities in Ukraine.