Ukraine's State Property Fund (SPF) will put 50% of shares in private joint-stock company Ukrnaftoproduct up for sale at a stock exchange, acting SPF Head Vitaliy Trubarov has said.

"The SPF will put 50% of shares in PrJSC Ukrnaftoproduct up for sale at a stock exchange. Now the shares are being appraised to determine the starting price," he wrote on his Facebook page.

Trubarov also said that the SPF submitted a draft resolution on attracting advisors to the privatization of shares in Ternopiloblenergo, Zaporizhiaoblenergo, Kharkivoblenergo, Khmelnytskoblenergo and Mykolaivoblenergo to the Cabinet of Ministers.

He said that the fund is waiting for the decision of the government on changing the group which includes President Hotel (Kyiv) to start privatization of the hotel.

Trubarov said that the SPF has put shares in Ternopil-based Orion radio plant up for sale at the Ukrainian Interbank Currency Exchange. The starting price is UAH 95.5 million.

As reported, a privatization tender to sell 50% of shares of PrJSC Ukrnaftoproduct, a fuel supplier, which was scheduled for June 22, 2017, failed due to the lack of interest. 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.