Cabinet transferred SFGCU for privatization

Infographic guide Ukrainian Agribusiness 2018/19

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The Cabinet of Ministers has transferred JSC State Food and Grain Corporation of Ukraine (SFGCU) for privatization. The State Property Fund now disposes of 100% of the Corporation's shares.

SFGCU will be restructured and prepared for transparent auctions with the involvement of private investors.

The Government also transferred JSC Bolshevik Plant (JSC First Kyiv Machine-building Plant), SJSC Bread of Ukraine and SE Artyomsol of Ukraine for large-scale privatization.

"Companies, that have been serving as a source of problems and losses for years, will get a new efficient owner, new jobs," Prime Minister Oleksiy Honcharuk commented.

Previously reported that the Cabinet of Ministers of Ukraine planned to discharge the Acting Chairman of SFGCU Simon Cherniavsky.

Grain storage network in Ukraine (click for full resolution)

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