KYIV. May 22 (Interfax-Ukraine) – Foreign companies are interested in buying shares in PJSC State Food and Grain Corporation of Ukraine, Minister of Agricultural Policy and Food Oleksiy Pavlenko has said.
“There is the proposal to enter the corporation’s capital,” he told reporters at a panel discussion on the prospects of the privatization and development of the key state-owned enterprises from the scope of the Agricultural Ministry.
He added that the capabilities of foreigners in this process have not been discussed.
“Now there is the limit – it is the Chinese contract. But there are preliminary negotiations, there is a great interest of investors, American partners, Qatar, investors from Saudi Arabia, from China: at least two companies were ready to invest in this direction for the modernization of our silo capacity,” Pavlenko said.
According to him, the ministry will prepare a presentation which will show how it can attract investors through debts and capital for investment in this sector.
According to his estimates, the modernization of the corporation’s elevator capacities requires up to $200 million, the funds are foreseen in the second tranche under the Chinese contract.