Ukraine is ready to consider the sale of the state-owned Sense Bank and the privatization of a stake in Ukrnafta.
This was announced by First Vice Prime Minister and Minister of Economy Yuliya Svyrydenko in an interview with Forbes Ukraine, Ukrainian News Agency reports.
Svyrydenko noted that Ukraine brought specific projects to the Davos economic forum this year.
“We are ready to privatize Sense Bank, as well as consider the possibility of selling a stake in Ukrnafta, which is in dire need of modernization,” the government official noted.
As for Ukrnafta, the discussion has only just begun, she clarified.
“Where the private sector can effectively restore and modernize loss-making companies, the market must work,” Svyrydenko emphasized.
Despite the interest of a number of potential buyers, there is no queue of real investors for the nationalized Sense Bank yet.
Even Tomas Fiala, who has publicly expressed his interest in this asset, is still far from a concrete offer.
The state will probably also need time before it is ready to sell the former bank of Mikhail Fridman and Petr Aven.
As Ukrainian News Agency earlier reported, in November 2022, shares of Motor Sich, Ukrnafta, AvtoKrAZ, Zaporizhtransformator and Ukrtatnafta were alienated into state ownership for the period of martial law.
After its end, the assets may be returned to the owners or their value will be reimbursed.
Sense Bank belongs to the state.
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