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Ukrzaliznytsia has ceased to be a public company

Укрзализныця перестала быть публичным обществом This is caused by the necessity to bring the Charter of the enterprise in accordance with changes in legislation.

Today, October 31, the Cabinet of Ministers of Ukraine at the meeting changed the type of the joint stock company Ukrzaliznytsia from public to private, renamed it to JSC Ukrainian salzitsa and approved the Charter of company in new edition.

As the press service of the railway company, arising from the need to bring the Charter of Railways in accordance with changes in the legislation regulating the activities of joint-stock companies.

Type joint-stock companies as a private in no way changes the form of state ownership of Ukrzaliznytsya , because now there is no legal basis for the privatization of the company.

With the change of the legal status of Railways from public to private joint-stock company 100% of the shares still belong to the state and banned for alienation. We had a situation where formally a joint stock company had the signs of a private, and was listed in the state register as a public. This is now resolved, – said acting Chairman of the Board of railroad Evgeny Kravtsov.

According to the head of Ukrzaliznytsia, with the change of the legal form of the company the company will be able to use a more simplistic approach to regulation, which corresponds to the actual type of joint stock companies.

Ukrzaliznytsia since the existence in the organizational-legal form of joint stock companies has not carried out public offering of shares, and its shares were not and are not in the listing.

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