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Main Business — Green light for the privatization of the Ukraine's State monopolies of gas, mail service and railways.

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Green light for the privatization of the Ukraine's State monopolies of gas, mail service and railways.

14 Aug, 2020
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Green light for the privatization of the Ukraine's State monopolies of gas, mail service and railways.

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The Cabinet of Ministers has put in the agenda a bill on the list of 188 companies so far prohibited from privatization.


According to the text of the bill, the government allows the privatization of up to 50% of the shares of Naftogaz (gas), Ukrposhta (mail service) and Ukrzaliznytsia (railways), but proposes to retain the state’s 100% share of corporate rights in National Nuclear Generating Company Energoatom, PrJSC Ukrhydroenergo, NEC Ukrenergo, Skhidny Ore Mining and Processing Plant (VostGOK) and Ukrainian Sea Ports Authority (USPA).

It is also proposed to include the SE Market Operator and the SE Guaranteed Buyer, created by the Cabinet of Ministers in 2019 in order to ensure the operation of the new electricity market, in the list of objects completely prohibited for privatization.

In addition, it is proposed to include in the specified list the state-owned enterprise Document, Ukraina Printing Plant for the production of securities, Kyiv offset factory, and Southern (Yuzhny) Design Bureau.

According to the explanatory note, the government bill provides for the following groups of objects prohibited for privatization.

  • First: joint-stock companies, in the authorized capital of which the share of corporate rights owned by the State may not be less than 50% + 1 share and is not subject to privatization.
  • Second: joint stock companies in which the share of State-owned corporate rights is 100%.

Source: Interfax-Ukraine

The Odessa Journal

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