Rada adopts law to start privatization
The Verkhovna Rada has passed a law that would allow the government to begin the privatization of large state-owned enterprises.
Some 252 deputies voted for the adoption of bill No. 2319a-d as a whole.
As reported, bill No. 2319a-d was developed by the deputies to replace similar bill No. 2319a developed by the Cabinet.
MP Yuriy Levchenko (out of faction) during the discussion of the bill in the session hall proposed not to cancel the pre-sale on the stock exchange of 5-10% of the shares in the enterprises being under privatization and even increase this stake to 25% and sell either on a Ukrainian stock exchange or a foreign one. But the deputies did not support the amendments proposed by Levchenko.
The new bill, like the previous one, cancels the compulsory pre-sale on the stock exchange of 5-10% in the company prior to the tender and bans residents of the aggressor state from participating in privatization.
The Verkhovna Rada has been trying to pass this bill since November 2015. Minister of Economic Development and Trade Aivaras Abromavicius has repeatedly stated the need for the adoption of this law.
The government planned to start privatization of large enterprises with Odesa port-side chemical plant, as well as put energy supply companies and energy generating company Centrenergo up for privatization.
