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. Last Updated: 07/27/2016

Ukraine Privatization

KIEV -- Ukraine will sell a 53.98 percent stake in its Donetsky metal rolling plant via a privatization tender in July, the State Property Fund said Wednesday.

The starting price of the stake is set at 3.549 million hryvnas ($652,246), the fund said. The plant's charter capital, defined as the number of shares multiplied by the face value of one share, is 5.717 million hryvnas.

After the sale the state plans to keep a 25 percent stake in the company, located in eastern Ukraine.