The State Property Fund plans to put up the nationalized share of 49% of the Shell gas station network for an open auction, without offering to buy it out to the global company Shell. This was announced by the head of the State Property Fund Vitaly Koval in response to a request from Forbes Ukraine.
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It is noted that the sale auction shares are the only mechanism that will be used by the Fund.
“The Fund seeks to obtain the highest price offer in the sales process, but any potential buyer will have equal rights, including Shell. The Fund believes that the greater the competition for such an asset, the greater the benefit the state budget will receive,” the statement says.
At the same time, the SPF is not yet ready to name the approximate dates for such an auction.
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