EBRD to help in Ukrposhta's corporatization

11:48, 05.12.2016 1 min read

The European Bank for Reconstruction and Development (EBRD) intends to start cooperation with Ukrainian state-run postal enterprise (Ukrposhta) to improve the corporate management at the enterprise and would consider investment in the company in the future.

The EBRD has been working with Ukrposhta under the EBRD program to support the state enterprise sector reform, EBRD Director for Ukraine Sevki Acuner said. He said that the bank would work on the plan to improve Ukrposhta's corporate management. If the bank sees a need in investment later, the EBRD is ready to work in this direction, he said.

He added that the EBRD is holding a dialog about investment with other Ukrainian postal and logistics operators.

The bank is ready to finance any company meeting the conditions of the bank's financing, Acuner said.

As reported, corporatization of Ukrposhta was started in July 2016. Its completion is scheduled for the end of the first quarter of 2017.