"Ukrnafta", "Motor Sich" and other enterprises become state property

"Ukrnafta", "Motor Sich" and other enterprises become state property

"Ukrnafta", "Motor Sich" and other enterprises become state property

Strategically important enterprises related to Konstantin Zhevago, Igor Kolomoiskyi, Vyacheslav Boguslaev and Konstantin Grigoryshyn become state property.

 On November 6, the NCCPFR passed a decision to ensure the compulsory alienation of the shares of PJSC "Ukrnafta", PJSC "Ukrtatnafta", JSC "Motor Sich", PrJSC "AvtoKrAZ" and PrJSC "Zaporizhtransformator" into state ownership. Thus, the regulator allowed the transfer of the shares of the mentioned enterprises from the accounts of private individuals to the state property.

 Kolomoisky's companies own about 42% of shares in Ukrnafta. 50% plus 1 share belonged to the state in the form of JSC "Naftogaz". Other shares are owned by minority shareholders. "Ukrnafta" is the largest oil producing company of Ukraine.

 The Dnipro's oligarch together with his partner Gennady Bogolyubov own about 60% of Ukrtatnafta. The others are in Naftogaz JSC. The key asset of Ukrtatnafta is the Kremenchug Oil Refinery, which was disabled by Russian missile attacks in May.

 Until recently, Motor Sich was owned by Vyacheslav Boguslaev, who in 2017 sold 56% of the company's shares to the Chinese holding company Beijing Skyrizon Aviation Industry Investment Co Ltd. Due to the presence of violations, in particular regarding the observance of antimonopoly legislation, transactions with shares of "Motor Sichi" were blocked, and later - arrested. Boguslaev was arrested in October, accused of treason.

 The company "AvtoKrAZ" is part of the "Finance and Credit" group of the fugitive oligarch Konstantin Zhevago. The enterprise is engaged in the production of heavy trucks.

 "Zaporizhtransformator" is a bankrupt company that produces transformer and reactor equipment. Its owner is Kostyantyn Hrygoryshyn.

 It is not yet known whether the transfer of shares of these enterprises will compensate their former owners and minority shareholders.


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