Some of Ukrzaliznytsya’s shares are planned to be sold to foreign investors in order to secure capital inflows to the company for modernization. Ukrzaliznytsya head Yevgeny Kravtsov told this in an interview with UNIAN.
“My vision of Ukrzaliznytsya is to focus on the IPO (initial issue of shares of companies on the stock exchange) to sell some of the shares on the open market.
At the same time, both the state would retain control over the key asset, and private investors would be attracted, who would invest in the development of the company,” Kravtsov said.
He added that the Polish railway company PKP Cargo has overcome a similar path. Allowing foreign investors to manage the company would increase control over its activities.
Lately, the Deputy Head of the President’s Office and the candidate for the post of Prime Minister of Ukraine Oleksiy Goncharuk talked about privatization of Ukrzaliznytsya.