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The State Property Fund is preparing for the privatization of the confiscated Demurinsky GZK

The State Property Fund is preparing for the privatization of the confiscated Demurinsky GZK

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The state property fund is preparing to put up for privatization the Demurinsky mining and processing plant, which before the confiscation belonged to the Russian businessman Mykhailo Shelkov.

This was stated by the head of the State Property Fund, Rustem Umyerov told in an interview with Forbes.

He noted that the assets of fugitive President Viktor Yanukovych and Russian oligarch Vladimir Yevtushenkov, as well as Demurinsky GZK, which until recently belonged to Russian oligarch Mikhail Shelkov, have already been transferred to the Fund.

“We are preparing to put Demurinsky GZK up for privatization. As for other assets, we are still working on taking them into management,” Umyerov said and clarified that with the transfer to the Fund of other Russian assets that will be confiscated, they will also be sent for privatization.

Umyerov also noted that Oleg Deripaska’s Mykolaiv alumina plant has not yet been legally placed under the management of the Federal State University of Ukraine. However, as soon as this happens, the Fund plans to “quickly put it up for auction.”

“In general, it takes 60-90 days to prepare the facility for privatization. It is realistic to start the privatization of the plant in the second-third quarter of this year,” Umyerov added.

We remind you:

At the end of February, the Cabinet of Ministers handed over the assets of Russian billionaire Mikhail Shelkov were confiscated by the court’s decision to the State Property Fund for their further privatization or lease.

According to the decision of the Appellate Chamber of the High Anti-Corruption Court in the state income all assets were seized LLC “Demurinsky Mining and Processing Plant” for 2 billion hryvnias, the owner of which is the Russian oligarch Mikhail Shelkov.

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