Politics 2024-05-15T11:50:09+03:00
Ukrainian news
Groysman Wants Property Fund Leadership Discharged

Groysman Wants Property Fund Leadership Discharged

Groysman, Prime Minister, volodymyr groysman, OPP, State Property Fund

Prime Minister Volodymyr Groysman wants to have the leadership of the State Property Fund sacked for unsatisfactory performance.

He said this at a Government session on Wednesday, Ukrainian News Agency reports.

"The State Property Fund has proved to be inefficient. The latest privatisation competition has shown that it is unable to conduct effective privatisation, to manage the state property," the PM said.

On December 6 night, First Deputy Chairman of OPP Board Mykola Shchurikov said that no company had bid in the OPP privatisation competition.

As Ukrainian News Agency earlier reported, Glenshee Holdings Limited (Cyprus), affiliated with Development Construction Holding (DCH), on December 6 refused from taking part in the OPP.

Ukrnaftoburinnia PrJSC, affiliated with businessman Ihor Kolomoiskyi and MP Vitalii Khomutynnik; Amjad Investment (UAE); and IBE Trade Corp (USA), controlled by American billionaire of Ukrainian origin Alexander Rovt, which used to own Severodonetsk Azot Association (Luhansk Region); have indicated intent to take part in the OPP privatisation.

October 19, the Cabinet approved the starting price of the government stake (99.567%) in Odessa Port Plant at UAH 5.16 billion or USD 201.07 million at the current National Bank rate.

OPP's total accounts payable are some USD 303 million including USD 251 million of the debt for natural gas to OSTCHEM Holdings Limited confirmed by the Arbitration Institute of the Stockholm Chamber of Commerce (SCC; Sweden).

July 18, the Fund declared the OPP sale competition a failure for lack of bids.

The starting price of the 99.567-percent stake (795,083,903 shares) was UAH 13,175 million then.