Wednesday, March 2, 2016

SPF plans to sell 450 entities this year

The State Property Fund of Ukraine (SPF) plans to put up for sale 450 state-owned entities, including 20 large enterprises, 50 medium-sized companies, and 380 small entities, the SPF press service reported.

"The #State_Property_Fund will use any sales methods available," the press service said.

As UNIAN reported earlier, the 2016 budget projects proceeds from privatization at UAH 17.1 billion.


Odesa Portside Chemical Plant (OPP) is the first and major asset on the privatization list. A 99.6% state stake in the OPP is planned to be sold during the auction scheduled for June 30. Sale of the OPP is expected to bring $500 million in revenue.

In addition, the SPF also plans to sell 70% of shares in Khmelnytskoblenergo, 65% of shares in Kharkivoblenergo, 70% of shares in Mykolaivoblenergo, 50.9% of shares in Ternopiloblenergo and 99.9% of shares in Dniprodzerzhynsk heating and power plant. Auctions are scheduled for June this year.

In addition, the SPF plans to sell 25% share stakes in Donbasenergo, Sumyoblenergo, Odesaoblenergo in May of 2016; in June – DTEK Zakhidenergo, DTEK Dniproenergo, DTEK Dniprooblenergo and Kyivenergo; in October – DTEK Donbasoblenergo. Moreover, 46% of shares of Cherkasyoblenergo is planned to be sold through the stock exchange in July.





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