US EditionThe State-Owned Construction Company Ukrbud Will Not Be Sold to a Georgian Businessman Due to Sanctions.
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4 Articles
The State Property Fund disqualified the company “Petro Oil and Kemikals” of Georgian businessman David Bezhuashvili, which won the auction for the privatization of 100% of the shares of the state joint-stock company “Construction Company Ukrbud”.
The state-owned construction company Ukrbud will not be sold to a Georgian businessman due to sanctions.
The State Property Fund of Ukraine (SPFU) refused to approve the results of an auction to sell a large privatization asset with 100% of the shares of the state joint-stock company Construction Company Ukrbud. The Petro Oil and Chemicals company, owned by Georgian businessman David Bezhuashvili, bid ₴805M for Ukrbud but was disqualified on June 30. This came after the Department of Economic Security issued a memorandumthat established restriction…
David Bezhuashvili's company disqualified from privatization auction
The State Property Fund of Ukraine refused to approve the protocol of the results of privatization of DAT “Construction Company “Ukrbud” due to the identification of restrictive measures against the winner of the bidding, which are established by the law “On Sanctions”. — Ukrinform.
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