Ukraine to Sell Turboatom as Part of Gas Talks, Kommersant Says

Dec. 17 (Bloomberg) -- Ukraine wants to sell a 75.2 percent stake in state turbine maker Turboatom OJSC next year as the government prepares for talks with Russia on cutting the price of imported natural gas, Kommersant-Ukraine reported, citing an official at the Energy and Coal Ministry who did not want to be named.

The government wants to meet Russian counterparts halfway in the talks and to announce the sale of state assets that interest Russians, the newspaper, which is based in the capital Kiev, reported. Russia’s OAO Power Machines holds 5 percent of Turboatom, according to Kommersant.

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