ESU loses counterclaim in case to return Ukrtelecom to SPF, to file cassation
Kyiv's business court of appeals rejected the counterclaim of ESU LLC against the ruling of the court of lower instance issued under a claim of the State Property Fund of Ukraine (SPF) seeking to annul an agreement to sell and purchase 92.791% of shares in Ukrtelecom after a privatization tender signed in March 2011.
"ESU disagrees with the decision of the appeal court and will use all procedural opportunities, including the submission of a cassation," the company told Interfax-Ukraine.
ESU said that Ukrtelecom is operating as usual.
As reported, on October 19, 2017, Kyiv's business court decided to terminate the agreement signed in March 2011 after a privatization tender to sell 92.79% stake in Ukrtelecom with ESU LLC under a claim of the SPF and collect $81.9 million of penalty for a failure to meet the investment liabilities.
Advertising
Advertising
MORE ABOUT
Ukrtelecom will increase capital investments by 70% in 2024
13:56, 19.03.2024
Ukrtelecom lays 11,000 km of optical lines during two years of war
19:38, 01.03.2024
URCS, SPF sign cooperation memo
16:38, 25.01.2024
Rada may appoint head of Rivne regional administration Koval as head of State Property Fund – Arakhamia
09:54, 08.11.2023
SPF initiates sale of state share in Ocean Plaza mall via large-scale privatization
10:18, 06.10.2023
LATEST
New EU sanctions will apply to supplies of manganese ore and aluminum oxide to Russia – Latvian authorities
21:07, 03.05.2024
NBU lifts restrictions on import of works, services; introduces other currency concessions
21:01, 03.05.2024
Ukrainian coal could be exported due to shutdown of Centerenergo in Russian heavy shelling – Minister of Energy
19:26, 03.05.2024
NBU requires Getin Holding to sell Idea Bank within six months
10:09, 03.05.2024
DIM company accredits houses under construction in eOselia program