17:10 28.09.2017

Groysman says 51% of Turboatom shares should be kept in state ownership

Groysman says 51% of Turboatom shares should be kept in state ownership

Prime Minister of Ukraine Volodymyr Groysman believes the controlling stake (51%) of PJSC Turboatom should remain in state ownership.

"At least 51% of Turboatom should remain in state ownership," he said at a briefing after the meeting "The strategic directions of machine building development in Ukraine: from regional initiatives to the national industrial policy" in Kharkiv.

At the same time, the prime minister noted representatives of the aggressor country, i.e. Russia, are not allowed to participate in privatization in Ukraine.

As reported, PJSC Turboatom (Kharkiv), the largest manufacturer of turbine equipment in Ukraine, in which more than 75% of the shares belong to the state, is to be reorganized as a private joint-stock company (PrJSC).

According to the National Commission on Securities and the Stock Market, as of the second quarter of this year the state owned more than 75.2241% in PJSC Turboatom. A large minority owner is Seventh venture investment fund managed by AMC Svarog Asset Management affiliated with businessman Konstantin Grigorishin. He owns 15.3416% of the shares.

Earlier Groysman at a meeting of the National Reforms Council under the president of Ukraine said PJSC Turboatom was among the objects proposed for privatization.

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