Fuel and Energy Ministry to return “arguable” “Ukrtatnafta’s” 18% block of shares to state property – Boyko

18:05, 22 May 2007
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“Undoubtedly, the shares will be returned, taking into account the way, they were bought”.

Fuel and Energy Minister Yuri Boyko said that his Ministry would try Ministry to return “arguable” “Ukrtatnafta’s” 18% block of shares to state property, according to an UNIAN correspondent.

According to him, “undoubtedly, the shares will be returned, taking into account the way, they were bought”.

As UNIAN reported earlier, in April 2006 Supreme Court rendered lawful purchasing of “Ukrtatnafta”(Kramenchuk, Poltava Oblast) 18.296% shares by SeaGroup International plc. (Seattle, USA) and AmRuz Traiding (AG Switzerland).

In June 2005 “Naftogaz Ukrainy” put in issue 18% shares selling in Higher Economic Court.

Footnote. “Ukratatnafta” was established by Tatarstan and Ukraine Presidents in 1994.

43.054% belong to “Naftogaz Ukrainy”, 28% - Property and land resources Ministry of Tatarstan, 9.96% - SseaGroup International plc(USA), 8.6% - “Tatnafta” (Tatarstan), 8.336%  - AmRuz Traiding AG (Switzerland), which is controlled by “Tatnafta”.

 

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