State Property Fund to sell 2 coal companies in late September

The State Property Fund of Ukraine (SPFU) plans to put up for sale via stock exchanges 48.7% of state-owned shares in JSC Ukrzahidvuhlebud and 37.6% of shares in OJSC Lviv Coal Company, both located in Lviv region, the SPFU reported on its website.

The auction of the state shares in Lviv Coal Company, with an initial price of UAH 41.34 million, is scheduled for September 27. The deal will be handled via the Ukrainian Stock Exchange. The auction for the 48.7% stake in Ukrzahidvuhlebud, with a starting price of UAH 1.31 million, will be held on September 21. The deal will be handled through the Innex stock exchange.

UNIAN memo. Lviv Coal Company operates the Chervonograd central processing plant (Lviv region) and handles coal extracted by mines in Ukraine`s western region. In 2015, the company saw its net loss drop by 15.7% compared to 2014, from UAH 42.7 million to UAH 36 million.

Ukrzahidvuhlebud is engaged in the construction and maintenance of mines in Lviv region. In 2015, the company`s net loss increased by 39.1% compared to 2014, touching UAH 6.4 million.

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