The State Property Fund (SPF) of Ukraine on August 27 initiates an extraordinary meeting of shareholders of Turboatom JSC, at which it submits the issue of joining the Electrotyazhmash plant (both are located in the city of Kharkov). In addition, the shareholders were asked to change the name of Turboatom JSC to Ukrainian Energy Machines JSC.
Currently, the Kharkov plant "Electrotyazhmash" is a 100% state-owned enterprise. The state share in Turboatom is 75.22%.
The agenda of the shareholders' meeting of Turboatom JSC also includes issues of approving the market value of the company's shares.
According to the draft decision, it is planned to approve the market value of shares of JSC "Turboatom", determined by the appraiser elected by the extraordinary meeting of shareholders on August 20, in the amount of 1.95 hryvnia per share.
Turboatom is the only Ukrainian manufacturer of turbine equipment for hydro, thermal and nuclear power plants. The geography of supplies of the enterprise covers 45 countries of Europe, Asia, America and Africa.
SE "Plant" Electrotyazhmash "specializes in the production of powerful hydrogenerators, turbine generators for thermal power plants and nuclear power plants, electric motors for drives of rolling mills, mine hoists, traction electrical equipment for railway and urban transport. Delivers products to India, Kazakhstan, Bangladesh and other countries.
General Director of JSC "Turboatom" Viktor Subbotin this spring announced a critical situation and the actual stop of his partner - "Electrotyazhmash", and the possibility of disruption in this regard contracts "Ukrhydroenergo" financed by the EBRD and the EIB.