In Ukraine, 20 large state-owned enterprises are preparing for sale
The State Property Fund has begun preparations for holding tenders for the sale of 20 large state-owned enterprises, a PolitNavigator correspondent reports.
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About this acting Head of the State Property Fund Vitaly Trubarov reported on his Facebook page.
“The SPFU has begun preparations for holding tenders for the sale of OPP, Sumykhimprom, Osnastka, 5 oblenergos and other enterprises. In total, 20 large enterprises with shareholdings ranging from 50 to 100 percent. Activities to prepare competitions include several stages, among which the most important is the development of competition conditions and their approval by the government,” Trubarov said.
As reported, earlier the State Property Fund valued Sumykhimprom PJSC at UAH 248,95 million or $8,8 million at the current exchange rate.
In September, Deputy Chairman of the State Property Fund Yuri Nikitin, explaining the low valuation of the stake in Sumykhimprom, stated that “the state stake is worth nothing.” The official pointed out that the company has been in bankruptcy proceedings for 10 years, its main creditor is Dmitry Firtash’s company.
Sumykhimprom specializes in the production of titanium dioxide, sulfuric acid, yellow and red iron oxide pigments, complex mineral fertilizers and a coagulant for water purification. 99,9% of Sumykhimprom shares are state owned.
Since the beginning of the enterprise reorganization procedure in 2012, the chairman of the board of Sumykhimprom, Igor Lazakovich, a former top manager of Ostchem businessman Dmitry Firtash, was appointed manager of the debtor's reorganization.
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