Privatization-2018: UAH 22 bln expected from sale of state property

"The head of the State Property Fund expects to implement the plan of proceeds from privatization in 2018 in the amount of UAH 22 billion," the report says.

It is noted that in 2018, the Fund plans to sell the Odesa Portside Chemical Plant (OPP), Ukraine's major power generating company PJSC Centrenergo, the state-owned turbine producer Turboatom, six energy companies, the Agrarian Fund, the State Food and Grain Corporation of Ukraine (SFGCU) and a number of smaller-scale SOEs.

According to Trubarov, an inventory has already been completed at the OPP, and the starting price will be determined in November this year.

Read alsoOPP, blocking shares of three energy companies to be re-offered for sale again, in DecemberHe noted that the sale of Centrenergo should also take place in the spring of 2018.

It is reported that the Fund plans to sell stakes in Mykolaivska, Dniprovska and Khersonska TPPs next year, as well as Zaporizhiaoblenergo, Mykolaivoblenergo, Ternopiloblenergo, Kharkivoblenergo, Khmelnytskoblenergo and Cherkasyoblenergo.

"The Fund expects the sale of the Agrarian Fund and the SFGCU. The issue on Turboatom is now being decided with the Cabinet of Ministers, to determine the size of the stake to be put up for sale," Trubarov said.

Read alsoControlling stake in Turboatom must remain in state ownership – PM GroysmanAs UNIAN reported, according to the memorandum on cooperation with the International Monetary Fund, Ukraine had to take all necessary measures to attract authoritative international investors and privatize the Odesa Portside Chemical Plant in the first half of 2017. In addition, the government intended to initiate the privatization of Turboatom, Centrenergo and Ukrspirt by the end of September 2017.

The government of Ukraine postponed large-scale privatization until the adoption by the Verkhovna Rada of a new law on privatization, which could be considered in September.