Businessmen and experts said the reasons for the failure of the privatization of AES
Businessmen and experts said the reasons for the failure of the privatization of AES
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The situation is shameful for the entire state, which did not provide the sale of such property.
The State property Fund will attempt to sell the state “Agrarian Fund” and “State food and grain Corporation of Ukraine”. However, the government has already admitted that privatisation of 2016, the Fund failed , and instead of the $ 17 billion received from her, only 78 million, according to a story TSN.19:30.
The most resounding failure was the sale of the Odessa portside plant, which broke twice. About the future of the enterprise is now not reported. But the Foundation publishes appreciation from potential foreign investors, who praised the preparation for the contest, which did not want to participate.
The state property Fund will try to sell 3 more state-owned enterprises
TSN. 19:30
Yesterday, 22:07
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Among them, the “Agrarian Fund” and “State food and grain Corporation of Ukraine”. The government has acknowledged – the privatization of 2016, the Fund failed. Instead of the $ 17 billion received from her, only 78 million. The most resounding failure – the sale of the Odessa portside plant. Its privatization this year fell twice.
The tender for privatization was to hold on December 14. Starting price – about $ 200 million. The Fund said that the plant was interested in about 10 potential buyers. However, only 4 of them investor sent a letter of intent to acquire the shares and the application for participation has not filed one. As explained by the businessmen themselves, the Foundation to the last delayed the provision of confidential information in respect of the SCR. “Nine days is not enough to understand the risks, which were to take the buyer”, – said the Chairman of “Ukrnefteburenie” Michael Bakumenko. This company was a Ukrainian investor who is interested in the plant.
Received, albeit belatedly, the information is also to discourage the desire to participate in the contest. “The company has a huge debt, which exceeds its cost. And it is very serious signal”, – says the lawyer Taras Matenko. What kind of debt is it – in its refusal wrote another contender, the Ukrainian company DCH. “In the process of analytical work has provided additional information on the financial-economic activity of the enterprise that are not reflected in the text published in the official publication the state property Fund “privatization Gazette” No. 87 (1003) to October 31, 2016, but significant for investors,” said the firm.
See also: Cost of sale of the Odessa port plant was reduced in 2,5 times
Private audit found that the actual amount payable is 85 to $ 350 million. In addition, the SCR appears in the Antitrust Committee. At the same time, Deputy Director of the SCR Nicholas Surikov sure that the Fund had different approaches to Ukrainian and foreign investors. “It is strange when the companies applying for the purchase of AES, the state property Fund behaves quite differently. One goes all the way forward, and others difficult,” he says.
In the Fund to comment on any of the claims made did not. After criticism of Prime Minister Vladimir Groisman promised all the details of the contest to tell at the press conference, but it never took place. The main reason for the failure of the competition consider large debts of the plant and the high price of gas. Experts say that for sale now is really not the best time through a difficult economic situation and the confrontation in the East of Ukraine. In such circumstances, given the risks, the foreign investor will be interested to pay for the object only 30-40% of its real value. So it all had to be considered in advance, because public failure privatization of the strategic facility is a serious blow to the image of the entire state. Former Chairman of the state property Fund Alexander Bondar considers that the conclusions, including personnel, the government should do as quickly as possible. “This indicates that our property is worth nothing and wishing on him there. And before you make loud statements, to organize a competition – it was necessary to think well,” he says.
See also: Privatization of the Odessa portside plant has been postponed again
According to rumors, after failing to sell its HMO can transfer the management of “Naftogaz” or temporarily remove from sale until 2019 when it is expected the company will again be in price.
The correspondent TSN Alexander Romanyuk