Today, an agreement was signed on the sale of a Ukrainian telecommunications company "Ukrtelecom" between State Property Fund of Ukraine (SPFU) and LLC ESUowned by the Austrian Foundation epic. The agreement is about the purchase of 92,79% shares JSC "Ukrtelecom", the transaction amount amounted to UAH 10 billion 575.1 million.
In October last year, Ukrtelecom put up for sale 92,79% of its shares at a starting price of UAH 10.5 billion; the company was included in the privatization plan back in 2007. A full-fledged competition did not take place, due to the lack of proposals for purchase. The buyer was the only company that applied.
The final price of the transaction was set by an independent appraiser, as it could not be set during the tender due to the lack of competitive offers. The company-buyer has already transferred UAH 1 billion. as a fee for participation in the competition, the remaining amount must be transferred within 60 days.