The court of appeal confirmed that “Ukrtelecom” has to return in state property

Today, December 12, the Kyiv appeal economic court of Kiev confirmed that “Ukrtelecom” to return in state property. The company is now included in the business structure of the billionaire Rinat Akhmetov.

Thus, the court of appeal confirmed the lower court decision on the termination of a prisoner in March 2011, according to the results of the privatization tender of the contract of purchase and sale of 92.7% of Ukrtelecom. A lawsuit was filed by the state property Fund. About it writes “Interfax-Ukraine”.

“ESU disagrees with the decision of the court of appeal, and shall use all procedural possibilities, including the appeal,” – said in the company ESU, which is subject to “Ukrtelecom”.

Also there is assured that the operator “Ukrtelecom” continues to work normally.

Videopoem Interpol believes the controversial privatization of “Ukrtelecom” the greatest crime of Yanukovych


7 Sep 2015, 22:54

We will remind, the state property Fund filed a lawsuit in may, demanding to terminate the contract with “ESU” and to collect of 2.17 billion UAH of fines. The third person in the case was raised by the state “Oschadbank”, in pledge at which is located said package of shares of “Ukrtelecom”.

The state property Fund of Ukraine according to the results announced in the fall of 2010 contest in the beginning of 2011 sold 92,79% of stocks “Ukrtelecom” the Ukrainian subsidiary of Austrian EPIC – LLC “ESU” for 10 billion 575.1 million UAH. Group “SCM” Ukrainian businessman Rinat Akhmetov purchased the “ESU” in 2013.

According to the disclosure system NKTSBFR, LLC “ESU” in the first half of 2017 decreased net profit by 8.9% compared to the same period of 2016 to 72 million, accumulated losses by the end of June reached 6 billion 834,3 million UAH, and income was missing. The main asset of the company are long-term financial investments – shares of “Ukrtelecom”, which cost in the balance sheet valued at 10 billion 799,3 million UAH, according to the contract of purchase and sale from 2011.

“Ukrtelecom” in the first half of 2017 received a net profit 355,3 million UAH, which is almost two times higher than in the same period in 2016. The company’s net income for the reporting period decreased by 1.5% to 3,154 billion.

Earlier it was reported that “Ukrtelecom” has forced to pay to the state budget more than a million hryvnia.

  • the court
  • The state property Fund
  • privatization
  • Akhmetov
  • Ukrtelecom
  • SPF
  • ESU

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