SPF plans to put up ZAlK on sale in early 2018

17:44, 25.10.2017 1 min read

 The State Property Fund of Ukraine (SPF) intends to put up 68.01% of PJSC Zaporizhia Aluminum Combine (ZAlK) on sale in early 2018.

According to a press release of the SPF, with reference to head of the agency Vitaliy Trubarov, ZAlK sale is scheduled for the first months of 2018.

Previously the plant was the only primary aluminum producer in Ukraine.

The owner of ZAlK in 2004 became Russian Group SUAL. In 2007 the plant went under the control of RUSAL, created from the merger of the aluminum and alumina assets of OAO RUSAL, SUAL and the Swiss trader Glencore.

As a result of long-term litigation, a verdict was passed on the termination of the purchase and sale agreement for a 68.01% stake in ZAlK and the return of this stake to state property.

According to the company, in late 2016 the SPF held 68.00949% of PJSC ZAlK, Velbay Holding Ltd. (Cyprus, controlled by RUSAL, Russia) some 29.53629% of the shares.

The charter capital of PJSC ZAlK is UAH 155.682 million, the nominal value of shares is UAH 0.25.