Kharkov-based Turboatom being prepared for sale, again

The Ukraine’s State Property Fund , is preparing to sell Kharkov’s Turboatom in 2014, according to the SPF order No. 149 “On approval of the list of objects of C, D, groups scheduled for sale in 2014” dated January 20, 2014.

On December 19, 2013 the head of the State Property Fund Alexander Ryabchenko said that Turboatom will not be privatized. At the same time, he noted that the potential buyer values the stake in the company at about $600 million. On January 14, the Cabinet of Ministers of Ukraine approved Turboatom financial plan for 2014.

The company’s authorized capital is UAH 105,624,130. According to ETAP-KPD company, the state owns 75.2% of the company. During the first 9 months of 2013, Turboatom paid to the state budget UAH 169.4 million in taxes and mandatory payments, 11.5% or UAH 17,490,000 more than was scheduled.

Turboatom specializes in manufacturing turbines for thermal and nuclear power plants, heating plants, hydraulic turbines for hydroelectric power plants and pumped storage power plants, gas turbines and combined-cycle gas turbines for heat-electric generating plant.

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