News 2 - The Ad Hoc Supervisory Panel of the Verkhovna Rada of Ukraine on Privatization discussed the issues on legitimacy and economic viability of including state enterprise “Zaporizhzhia Titanium and Magnesium Combine” to the statutory capital of the newly-founded limited liability company involving a private investor - Verkhovna Rada of Ukraine

The Ad Hoc Supervisory Panel of the Verkhovna Rada of Ukraine on Privatization discussed the issues on legitimacy and economic viability of including state enterprise “Zaporizhzhia Titanium and Magnesium Combine” to the statutory capital of the newly-founded limited liability company involving a private investor

Information Department of the Verkhovna Rada of Ukraine Secretariat
Published on 14 October 2013, at 17:33

As it was mentioned during the meeting, the decision on forming the limited liability company “Zaporizhzhia Titanium and Magnesium Combine” (Ltd. “ZTMC”) was adopted for fulfilling the government Provision “On several issues of titanium industry”. The state share in the statutory capital of the company should be not less than 51%.

Following the results of their work on ZTMC, the members of the Supervisory Panel – people’s deputies came to the conclusion that production capacity of the enterprise is technologically outdated and requires investments in the amount of “USD 500-700 mln”.

Taking into account all the remarks and information, the Supervisory Panel decided to address the government of the country with several proposals.

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