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SPF to announce minority energy company stake sales this week
Journal Staff Report

KIEV, June 19 – Ukraine's State Property Fund plans to announce first sales of minority stakes in energy companies remaining in state ownership on exchanges this week, Deputy SPF head Yuriy Nikitin told Interfax-Ukraine on the sidelines of the IV International Forum of Corporate Secretaries last week.

"We will try to sell what we have," Nikitin said speaking at the forum.

He said that the situation in the country and stepped up actions of the SPF have given first results: recently a deal to sell Ukrainian Bank for Reconstruction and Development to a Chinese investor for UAH 82.83 million was finalized, and Haivoron Locomotive Repair Plant was sold for UAH 15.14 million at the exchange on June 15. The fund had tried to sell the plant for two years.




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