Ukraine fails to sell Ukrnaftoproduct

12:20, 27.06.2017 1 min read

A privatization tender to sell 50% of shares of PrJSC Ukrnaftoproduct, a fuel supplier, which was scheduled for June 22, has failed due to the lack of interest.

This was announced in the official privatization bulletin, Vidomosti Pryvatyzatsii.

The starting price of the stocks was UAH 28.415 million.

Ukrnaftoproduct's net revenue in 2016 grew by 2.4 times, to UAH 2.5 million, its net loss rose by 1.5 times, to UAH 420,000.

Its second largest shareholder after the Ukrainian government is a limited liability company with foreign investment Naftoproduct Ukrainy Concern, which holds 44.1898%. Its owners are mainly offshore companies.