Groysman: Controlling stake in Turboatom is not subject to privatization

Groysman: Controlling stake in Turboatom is not subject to privatization

The controlling stake in the state-owned enterprise Turboatom is not subject to privatization.

Prime Minister of Ukraine Volodymyr Groysman stated this during the Government Question Hour meeting held in Parliament today, an Ukrinform correspondent reports.

"This enterprise is on the list [of privatization], but conditions for its sale, which means the sale of its part, will be determined by a relevant resolution of the Cabinet of Ministers. My position is the following: the controlling stake should remain in the state ownership, while the rest of the stake can be put up for sale, and we should attract well-known manufacturers of similar products in the world and make Turboatom even stronger," said Groysman.

He urged MPs not to spread inaccurate information about the privatization of Turboatom. Groysman emphasized that privatization in general should not be regarded as simply sale, because it is primarily the attraction of new investments, new technologies and creation of new jobs.


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