Page 39 - UKRRptJan22

State Property Fund has invited investors to take part in the OGHK privatisation auction. Potential investors have until December 9, 2021, to apply to participate in the auction to privatise 100% of the shares of United Mining and Chemical Company (OGHK), which will take place on December 20, said the SPFU.
The Greek entrepreneur, Dimitrios Anifantakis, who owns SNEL Energy has purchased the Glusco gas stations network. Glusco Energy, a Swiss-registered legal entity owns more than 100 gas stations and four oil depots in Ukraine. SNEL Energy Limited acquired a 100% stake in Glusco Energy S.A. The agreement was signed by the owner, Israeli businessman Nissan Moiseyev in late October. The value of the M&A was not disclosed, announced the press service of Glussco.
Ust-Danube commercial seaport to be privatised. The State Property Fund (SPF) of Ukraine intends to privatise the Ust-Danube Commercial Sea Port State Enterprise in the first quarter of 2022, reported Interfax. The Fund noted that after including the single property complex of the State Enterprise "Ust-Danube Commercial Sea Port" in the list of small privatisation objects, an inventory of the company's property was carried out.
Distillery in the Lviv region sold 16 times more than the starting price. At the privatisation auction for the sale of property of Vuzlivsky MTD in the Lviv region, the price increased from the starting UAH 21mn ($772,000) to UAH 333mn ($12.2mn), (Prozorro.Sale). The distillery is located in Radekhiv, which is in the Lviv region. A total of 7 companies took part in the bidding. The proposed UAH 333 million is the highest price among all privatised distilleries in Ukraine.
6.2 Debt
Ukraine’s state and state-guaranteed debt increased 1.6% m/m to $94.15bn as of November 30, the Finance Ministry reported on December 24. State foreign debt increased 1.4% m/m to $45.4bn, while state domestic debt inched up 0.4% m/m to $37.3bn. State guaranteed debt increased 7.0% m/m to $11.2bn. In UAHterms, the overall state debt jumped 4.9% m/m in September to UAH2,559bn, or 58.1% of Ukraine’s GDP in 2020.
Ukraine's public debt will be cut to 56.9% of GDP by the end of 2021 and to 47% by 2024, announced the Ministry of Finance. Among the goals are:
· to decrease public debt by the end of 2024 to 47% of GDP;
· increase in debt denominated in the national currency to 51% of
GDP;
· to extend the average maturity and ensure an even repayment
schedule of public debt; and
· Attract long-term concessional financing, develop strong investor
relations, and further improve the state debt management policy.
Ukraine aims to reduce state debt to 47% of GDP in 2024. Ukraine’s Cabinet of Ministers approved Mid-term Strategy on State Debt Management for 2021-2024, the Ministry of Finance reported on Dec. 9. The document is based on the state budget of Ukraine for 2021 and the Budget Declaration for
39 UKRAINE Country Report January 2022 www.intellinews.com