Large-Scale Privatization 2015 Approved

On 12 May 2015, the Cabinet of Ministers of Ukraine adopted Resolution No. 271 “On Conducting a Transparent and Competitive Privatization in 2015” (the “Resolution”), which approved the list of more than 300 State-owned entities (Supplements 1 and 2) subject to privatization in 2015.

A number of majority shareholdings and major economic enterprises are offered for the privatization, which is the largest in recent years, in particular:

• In the mining industry – State Concern “Ukrtorf,” a number of mines.
• In the energy sector – several power plants and equity stakes in major electricity manufacturers and suppliers.
• In the oil and gas industry – equity stakes in local gas suppliers.