State Property Fund starts preparations for sale of 20 large SOEs

Photo from UNIAN

21:50, 16.01.2018

1 min. 205

The State Property Fund has launched preparatory work to set up auctions for the sale of 20 large state-owned enterprises, including 99.6% of the shares of Odesa Portside Chemical Plant, 99.99% shares of Sumykhimprom, a 68% stake in Zaporizhia Aluminum Smelter, as well as five regional energy companies (oblenergos), reads the report published on Facebook by SPF head Vitaly Trubarov.

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"So here we have 20 large enterprises with packages of shares from 50 to 100%. Measures to prepare for the biddings include several stages, among which the most important one is to develop conditions for such biddings and their approval by the government," Trubarov wrote.

Read alsoUkraine's economy-2018: faster growth amid higher inflationAs UNIAN reported earlier, the state budget for 2018 provides for UAH 21.3 billion in privatization proceeds. In 2017, gains from the sale of state assets were planned at the level of UAH 17.1 billion, while actual revenues amounted to a mere UAH 3.4 billion.

According to a cooperation memo signed with the International Monetary Fund, Ukraine obliged to take all necessary measures to attract acclaimed international investors and privatize the Odesa Portside Chemical Plant as early as the first half of 2017.

Read alsoState Property Fund names new date to sell OPP, CentrenergoBesides, the government planned to initiate the sale of Turboatom, Centrenergo, and Ukrspirt before the end of September 2017. However, the government of Ukraine postponed the large-scale sale of state assets until the adoption by the Verkhovna Rada of a new privatization law.

Ukraine privatization SPF

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