Shares of Ukrtelecom returned to the state

With the ESU company also sought a penalty of more than 2 billion hryvnia.

The economic court of Kiev made the decision on return to state property of shares (92,79%) of Ukrtelecom, which belongs to the company ESU businessman Rinat Akhmetov.

This is stated in the message on the court’s website.

“The economic court of Kyiv made a decision in case No. 910/7708/17, which fully satisfied the claim of the state property Fund of Ukraine terminated the contract of purchase and sale of shares No. transaxle-582 from 11.03.2011 PJSC Ukrtelecom is obliged PJSC State export-import Bank of Ukraine to write off from the accounts of the ESU block of shares of PJSC Ukrtelecom and charged with ESU penalty in the amount 2 billion 171 million 169 thousand UAH, assessed for improper performance of the contract of purchase and sale of shares”, – is spoken in the message.

YEOSU has already stated that it will appeal the judgment and would appeal.

“ESU did not agree with the trial court’s decision and will continue the protection of the rights of ownership of shares of Ukrtelecom in appellate court”, – told Interfax-Ukraine in the company.

There are also assured that the decision of the court of first instance will not affect the operational work of Ukrtelecom, in particular, will continue large-scale modernization of the company, in partnership with the China Development Bank.

“Given the nature of the claim of the SPF and their relationship with the actions of previous owners of Ukrtelecom JSC ESU considers it necessary to reach a reasonable compromise regarding the implementation of the privatization commitments,” added the company.

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