Business news from Ukraine

UKRAINE TO SELL ZALK, TURBOATOM BY LATE OCT 2017

3 January , 2017  

KYIV. Jan 3 (Interfax-Ukraine) – Ukraine’s government has ordered the privatization of 68.0095% in PJSC Zaporizhia Aluminium Plant (ZAlK), 75.224% of PJSC Turboatom and 99.999% of OJSC Oriana, according to corresponding resolution No. 1057 dated November 28 posted on the government’s website.

This document approves the plan of placement of the shares in these companies, providing for the sale of these packages at tenders with open bidding on the principle of auction until November 30, 2017.

In addition, the list of objects for privatization includes 22.555% in gas supply and gasification company PJSC Korostyshivgaz, 50.005% of OJSC Osnaschennia, 57.389% of PJSC Lviv plant Avtonavantazhuvach, 25.998% of Avtolyvmash, and 30.979% of PJSC Kamyanets-Podilsksilmash.

The government also extended the terms of auctioning a 99.995% stake in Sumykhimprom and 99.5% of Ivano-Frankivsk Locomotive Repair Plant until November 30, 2017.