Ukraine Will Sell Odeskyi, Turboatom, Makiivskiy in 2013

Ukraine plans to sell state stakes in VAT Odeskyi Pryportovyi Zavod, the country’s second-biggest ammonia producer, VAT Turboatom, Ukraine’s biggest turbine maker, and more than 200 other assets next year, according to the State Property Fund.

The government will sell a 75.2 percent stake in Turboatom and 99.6 percent of Odeskyi, the State Property Fund, said in a statement on its website today siting a Cabinet resolution dated Dec. 7.

The SPF, which is based in the capital Kiev, will also sell 60.9 percent in VAT Makiivskiy Metalurhiynyi Kombinat.

The government of Prime Minister Mykola Azarov is seeking to raise 10.9 billion hryvnia ($1.35 billion) from state-asset sales next year, according to the 2013 state budget. President Viktor Yanukovych signed the state budget today after it was supported by the legislature earlier this month, his website said.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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