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Ukrainian SPF to sell state-owned stakes in three heavy industry companies

Ukrainian SPF to sell state-owned stakes in three heavy industry companiesUkraine's State Property Fund (SPF) seeks to sell private joint-stock company President Hotel, 51% of shares in Zaporizhia Titanium and Magnesium Combine LLC and 50% in public joint-stock company Azovmash.

This is outlined in fund resolution No. 1763 dated September 23, 2016.

In addition, the fund intends to sell almost 100% of shares in Ukrainian Bank for Reconstruction and Development, private joint-stock company Ukrainian Energy Saving Servicing Company, 20% in Windenergo Ltd. and state-owned shares of other companies.

As reported, the appeals court earlier revoked the decision that the privatisation of President Hotel is unlawful.
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