: :inin Kyiv (EET)

Ukraine gets a mere UAH 60 mln from privatization against UAH 17 bln target this year

Ukrainian national budget receipts from the privatization of state-owned assets in January-August 2016 halved year-over-year, to UAH 60.3 million year, according to the State Property Fund of Ukraine (SPFU).

The SPFU central and regional administrations sold 82 state-owned assets during the reporting period (including ten assets sold in August) and 186 assets in municipal ownership (13 assets sold in August).

In August, the SPFU put up the government`s stakes in two companies with a total nominal value of UAH 16.48 million for sale through stock exchanges. The SPFU did not sell any state-owned stake on the stock exchanges in the previous month.

As UNIAN reported earlier, the SPFU plans to put up for sale 450 state-owned entities, including 20 large enterprises, 50 medium-sized companies and 380 small entities this year.

Odesa Portside Chemical Plant (OPP) is the first and most significant asset on the privatization list. The auction to sell a 99.6% state-owned stake in the OPP with a starting price of UAH 13.175 billion was held on July 26 but failed due to lack of bids from investors. The SPF subsequently announced its intention to prepare a new tender in late October or early November and said the initial price of the asset could be lowered to $150 million.

The 2016 budget of Ukraine sets the target for revenue from privatization at UAH 17 billion.

Receipts of the Ukrainian national budget from privatization of state-owned assets in 2015 amounted to UAH 151.5 million, which is 66.7% down from 2014.


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