09:39 30.05.2018

List of large enterprises for privatization in 2018 narrowed from 26 to 23 enterprises

2 min read

The Cabinet of Ministers of Ukraine has published a list of large enterprises for privatization in 2018, which includes 23 enterprises. Aluminum foil plant, Agrarian Fund and State Food-Grain Corporation of Ukraine were removed from the list.

According to government resolution No. 358 dated May 10, 2018, the list includes five power supply companies, Centrenergo, Odesa Port-Side Plant, Turboatom, Zaporizhia Titanium and Magnesium Combine, United Mining-Chemical Company and Sumykhimprom.

Earlier Head of the State Property Fund Vitaliy Trubarov said that 18 enterprises are already in the Fund's management, including Ternopiloblenergo (50.999%), Zaporizhiaoblenergo (60.2475%), Kharkivoblenergo (65.001%), Mykolaivoblenergo (70%) and Khmelnytskoblenergo (70.0089%), Kherson (99.8328%), Dniprovska (99.9277%), Kryvy Rih (99.9864%) and Severodonetsk combined heat and power plants (CHPPs), Azovmash (50%), Turboatom (75.2241%), Zaporizhia Titanium and Magnesium Combine (51%), Oriana (99.9988%), President Hotel (100%), Centrenergo (78.289%), Odesa Port-Side Plant (99.5667%) and Sumykhimprom (99.9952%).

Trubarov said that three enterprises are managed by the Ministry of Economic Development and Trade: United Mining-Chemical Company (100%), Electrotyazhmash and Dniprovsky Electric Locomotive Plant (state-owned enterprises), and one each are subordinated to the Ministry of Energy and Coal Industry, the Cabinet of Ministers and the Ministry of Health: the Coal Company Krasnolymanska (state-owned enterprise), Ukragroleasing (100%) and Indar (70.7016%) respectively.

The government also instructed the State Property Fund to ensure the selection of advisors for preparing these facilities for privatization, and no interested persons were found, the fund is to prepare the facilities up for sale. In addition, the fund is to draw up the conditions for privatization of facilities and submit them to the government for approval.

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