Business news from Ukraine

SPF THIS WEEK TO SELL SHARES OF 31 COMPANIES AT 50-60% DISCOUNT ON EXCHANGE, THREE AT TENDER

15 March , 2016  

KYIV. March 15 (Interfax-Ukraine) – The State Property Fund of Ukraine (SPF) plans this week to sell shares of 31 companies at a discount of 50-60% on the stock exchange, as well as shares of three more companies at an auction with a price decrease (a Dutch auction).

The SPF’s website announces plans to sell shares in 22 companies at a 50% discount, including 6.367% of the PJSC Stebnyk mining and chemical enterprise Polimineral, 25% of PJSC Chernihiv factory of radio sets, 0.326% in PJSC Komsomolsk Mining Department, 21.524% of PJSC Chernivtsi Radio Technical plant, 37.578% of PJSC Lviv Coal Company and 100% of PJSC Aviation special purpose entity Meridian.

The shares of nine companies will be sold at a 60% discount on the stock exchange, including 23% of PJSC Industrial Glass Company, 89.507% of PJSC Bila Tserkva Rubber Factory, and 99.989% of PJSC Prylyv Plant.

A 25% stake in PJSC Chornomorsky Shipbuilding Yard will also be auctioned off.

MP from the Batkivschyna faction Serhiy Vlasenko criticized the SPF’s intention to sell shares of the companies at a discount.

“In my opinion, it is a crime,” he said at a meeting of the conciliatory council of the parliament.