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Privat group agrees to allow appointment of independent Ukrnafta chairman
Journal Staff Report

KYIV, Aug 15 Ц Minority shareholders of Ukrnafta represented by the Privat group have given up the right to appoint the chairman of the company's board only from their nominees in exchange for forming a supervisory board with a majority of independent directors, Executive Director of Naftogaz Ukrainy Yuriy Vitrenko said.

Naftogaz owns a 50% + 1 share of Ukrnafta, and a group of companies associated with former shareholders of PrivatBank owns about 42% of the shares.




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