Ukraine fire sale: 60% discount for state assets
As a result, 22 of 34 state assets are now being put up for sale at a 60 percent discount, nine with a discount of 50 percent, and three are up for auction at a reduced asking price.
Among the companies offered for sale is a 9.6 percent stake in the Black Sea Shipyard, 37.6 percent in Lviv Coal Company and the Chernigov radio plant.
“Last week, the assets were offered for sale with discounts of 50 percent and 30 percent respectively, but the auctions were not held due to lack of buyers,” said the State Property Fund.
The State Property Fund is planning to privatize 450 state-owned firms, of which 20 are large enterprises, 50 medium-sized companies, and 380 are part of small privatizations, the Ukrainian news outlet Unian reports …. https://www.rt.com
Source: http://luismmx.blogspot.com/2016/03/ukraine-fire-sale-60-discount-for-state.html
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