11:16 24.09.2018

Concord Consulting wins four tenders to select advisor thanks to be better prepared, have strong consortium – acting SPF head

2 min read
Concord Consulting wins four tenders to select advisor thanks to be better prepared, have strong consortium – acting SPF head

Acting Head of the State Property Fund (SPF) of Ukraine Vitaliy Trubarov does not see the problem that Concord Consulting won at once four tenders to select advisors for privatization.

"We are talking about the fact that not the frontman wins, but the consortium wins. They will cope [with the task]," he told journalists in Odesa on the sidelines of the Ukrainian Financial Forum organized by the ICU investment group.

According to Trubarov, consortiums formed by Concord Consulting are very serious partners who have already taken part as advisers in the privatization of other assets.

"They were able to gather a team of well-known companies, each of which will perform its function: someone will do legal analysis, someone will conduct financial analysis, someone will carry out environmental analysis and someone will work with investors. They showed that they were prepared best," the head of the State Property Fund said.

He also said that thanks to the lack of significant problems with assets such as Indar and state-owned enterprise (SOE) Coal Company Krasnolymanska, they may be put up for sale before the end of this year, although, according to the terms of the tenders, it is given up to four months for the work of advisors.

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