: :inin Kyiv (EET)

Large-scale privatization to kick off next month – Poroshenko


The launch of a large-scale privatization in Ukraine is set for as early as next month, aiming to attract potential investors, according to Ukrainian President Petro Poroshenko.

”The large-scale privatization in Ukraine will begin next month: energy facilities, the Odesa Port-Side Chemical Plant and other SOEs,” Poroshenko said while delivering a speech at the 13d Yalta European Strategy Annual Meeting, which is held in Kyiv on September 15-17. 

As UNIAN reported earlier, the Ukrainian government has approved the expansion of a list of SOEs subject to privatization in 2016-2017 to 330 entities.

The privatization list includes, inter alia, Kharkiv-based turbine building enterprise Turboatom, Elektrovazhmash, State Food and Grain Corporation, United Mining and Chemical Company and Zaporizhia Titanium and Magnesium Combine.

Additionally, the government plans to sell a 100% state-owned stake in Ukragroleasing company, 100% of the shares of the Agrarian Fund, 100% of the shares of the State Food and Grain Corporation, as well as more than 30 agricultural entities engaged in the field of processing, research, feed production.

In general, the State Property Fund of Ukraine plans to put up for sale 450 state-owned entities, including 20 large enterprises, 50 medium-sized companies, and 380 small entities.

UaPositon

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