Naftogaz aims to go public in few years

11:08, 22.10.2020 1 min read

NJSC Naftogaz Ukrainy has welcomed the approval by the government, as the founder and sole shareholder, of the company's ownership policy, which involves preparation for an initial public offering (IPO) of a minority stake on one of the leading international exchanges.

"We are aiming at an IPO in a few years," Naftogaz said in a Facebook post on Thursday.

At the same time, the company said that "Naftogaz is and will be state-owned."

The company said that the IPO is an opportunity to attract additional finance, make it more famous in the world, assess its value and enter the club of companies that are managed efficiently and according to transparent principles that are clear for the world.