11:21 18.05.2018

State to retain 51% stake in Turboatom

1 min read
State to retain 51% stake in Turboatom

The state would retain 51% of shares in public joint-stock company Turboatom (Kharkiv) in state ownership during its privatization, Ukrainian Prime Minister Volodymyr Groysman has said.

"We have one goal: to retain 51% in state ownership. This means that this will be a state-owned company. Maybe, we would attract a globally renowned international partner with impeccable reputation for 20-25% of shares, maybe, at a public auction. They would enter the capital of the plant and hire 7,000 people, and not 3,500 as it is now," he said in parliament on Friday.

The prime minister said that the government intends to move "transparently and carefully, taking into account the opinion of the company's managers."

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