An exchange office worker changes numbers indicating the conversion rates outside a currency exchange office in central Kyiv. Photo: Reuters
RT: Ukraine fire sale: 60% discount for state assets
Kiev has announced a massive discount on the sale of state assets which have failed to find foreign buyers. Ukraine’s State Property Fund says all of the assets have been put up for sale more than 10 times and have found no takers.
As a result, 22 of 34 state assets are now being put up for sale at a 60 percent discount, nine with a discount of 50 percent, and three are up for auction at a reduced asking price.
Among the companies offered for sale is a 9.6 percent stake in the Black Sea Shipyard, 37.6 percent in Lviv Coal Company and the Chernigov radio plant.
"Last week, the assets were offered for sale with discounts of 50 percent and 30 percent respectively, but the auctions were not held due to lack of buyers," said the State Property Fund.
Read more ....
WNU Editor: No one is carrying this story in the Western media, and only a few Ukraine outlets are covering it. This is how the elites buy a country's assets at a discount .... they do it when no is paying attention.
5 comments:
Pretty slick game, set up a "peoples" government. Take everything away from the people then sell it to themselves at cut rate prices, some con, and a very old one.
Even the Ogliarches are passing on the deal, even at cut rates.
Most of the "assets" for sale are minority stakes in the Companies, which means you get to watch the Economy and the Management make your holdings worthless.
I like your information which is very useful for me. Thanks.
foreign currency exchange
This, unfortunatly, happens in almost every country...
Maybe is better to verify accordingly this news. RT is everything but a serious source of information.
Post a Comment