The Cabinet of Ministers of Ukraine has taken a decision to pass the state stock of shares of the 48 enterprises in gas supply and gas service installation sectors (City and Regional Gas services) from the nominal capital of the National Joint-Stock Company Naftogaz of Ukraine to the State Property Fund of Ukraine with the aim of their further privatization.
The corresponding decision has been confirmed by the executive order №1053 of October 10 2011, the text of which has been published on the web site of the Cabinet of Ministers.
According to the document the government’s stakes of shares are to be signed away to the State Property Fund within a month.
As in the case of power supply and power generating companies the state will keep 25% stock of shares of a city or regional as service.
At the same time in the cases when Naftogaz owns less than 25% -stock of shares this stock is to be sold in toto.
Метки: gas, gas service installation, gas supply, Naftogaz of Ukraine, Ukrainian energy industry news
