Global Analysis from the European Perspective. Preparing for the world of tomorrow

Ukraine agency warns of bankruptcy risk to ‘jewel’ in privatisation crown

The failure to sell the factory was attributed to the burden of OPP’s debt to Ostchem, and to a conflict with the company Nortima, allegedly controlled by controversial billionaire Ihor Kolomoisky. The failure to sell OPP was a setback for the Ukrainian authorities, who consider the sale of OPP as a landmark event that would send a message to investors globally that transparency is being introduced into Ukraine’s economy. Source BNE IntelliNews

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