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Kiev court rejects SPF appeal seeking to reverse NFP privatization
Journal Staff Report

KIEV, Sept. 26 – Kiev Economic Court has rejected an appeal by the State Property Fund against Prydniprovia industrial and financial consortium to return a bare majority stake in Nikopol Ferroalloy Plant in Dnipropetrovsk region, and fully satisfied a counter-claim by the consortium against the fund to recognize Prydniprovia as the fair buyer of the plant.

According to a Prydniprovia announcement issued on Monday, the consortium said that the Sept. 22 ruling is in line with Ukrainian laws and its constitution.




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