Igor Mazepa: “We are ready to prepare the Indar and Krasnolimanska privatizations once the Cabinet makes its decision”

Igor Mazepa on Concorde Capital’s readiness to begin work as investment adviser in preparing the privatizations of the Indar pharmaceutical company and Krasnolimanska Coal Company.

“As investment advisers selected by the State Property Fund in August 2018 to prepare the privatizations of the Indar private joint stock company and Krasnolimanska Coal Company state enterprise, we are ready to begin work in accordance with our agreement with the State Property Fund of Ukraine.

We are awaiting the Cabinet’s decision in order to begin work.

As earlier, I am confident that privatization is one of the most effective ways to fight against corruption, as well as a real opportunity to attract foreign investors to Ukraine” – stated Igor Mazepa.

Concorde Capital CEO Igor Mazepa expressed this view to the Interfax-Ukraine news agency when commenting on the news from the State Property Fund on the unblocking of the Big Privatization process. The Cassation Administrative Court of the Supreme Court of Ukraine supported the State Property Fund’s position canceling the claim by “Grant Thornton,” which for almost a year blocked the Big Privatization process by preventing the government from confirming the selection made by the Investment Advisers Fund.

Recall, in August 2018, Concorde Consulting LLC, a part of the Concorde Capital group of companies, and the State Property Fund of Ukraine signed an agreement to prepare for privatization and sell equity stakes in three state enterprises: the Indar private joint stock company, the President Hotel private joint stock company, and the Krasnolimanska Coal Company. Concorde Consulting LLC was selected as the investment adviser for the privatization of these state enterprises in August 2018.

https://interfax.com.ua/news/economic/599338.html

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