State Property Fund names first facilities for privatization in 2021

State Property Fund names first facilities for privatization in 2021

In the first quarter of 2021, the State Property Fund intends to launch the privatization of JSC United Mining and Chemical Company, JSC First Kyiv Machine-Building Plant (formerly Bilshovyk Plant), as well as stakes in six regional power distribution companies.

Head of the State Property Fund Dmytro Sennychenko stated this during the fourth annual Ukrainian Investment Roadshow on December 10, Ukrinform reported referring to the Fund’s press service.

"The State Property Fund is not wasting time: starting from the first quarter of 2021, we hope for the privatization of United Mining and Chemical Company, followed by Bilshovyk Plant, six regional power distribution companies and to be continued," Sennychenko said.

He added that “there is objectively no possibility to start this process by the end of 2020” due to the legislative ban on large-scale privatization auctions until the end of restrictive quarantine measures.

According to the State Treasury, in January-October 2020, the state budget received over UAH 1.9 billion from the privatization of state property.

The Cabinet of Ministers extended the coronavirus quarantine restrictions in Ukraine until February 28, 2021.


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