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610 Goverment finance

Ukraine withdraws from joint project with Russia and Kazakhstan in nuclear business

State Property Fund (SPF) is expecting to sell 33.8% shares of the related UkrTVS company

SPF announced a tender for 33.3% stake in Ukrainian-Kazakh-Russian Joint-Stock Company UkrTVS established earlier to improve and develop the nuclear fuel cycle in Ukraine. The starting price put on the stake is UAH 921 000 (USD 34 000). The auction will take place in August 30 and the applications have to be filed until August 22, 2017.

The company sales stood at UAH 103mln in 2016. UkrTVS posted UAH 0.1mln in losses. Ukraine, Russia and Kazakhstan created UkrTVS at the end of 2001. The shareholders of the company are the State Property Fund of Ukraine, Kazatomprom, and Russian TVEL fuel company, holding same amount of shares each.

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