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The enterprise based on Turboatom and Electrotyazhmash will be directly subordinate to the government

Ukraine / Engineering

The shareholders' meeting on August 27 decided to rename Turboatom into Ukrainian Power Machines, and also change its type from public to private joint stock company against which 17.44998% of votes were cast, as well as against subsequent decisions on changing the charter, internal provisions, accession of "Electrotyazhmash" and additional agreement with Ukreximbank.

The enterprise based on Turboatom and Electrotyazhmash will be directly subordinate to the government

The association of "Turboatom" and "Electrotyazhmash" will pass under the control of the Cabinet of Ministers of Ukraine. reported Acting Chairman of the Kharkiv Regional Administration Alexander Skakun on his Facebook page.

“Turboatom and Electrotyazhmash are not just uniting into Ukrainian power machines. The giant enterprise passes into the direct management of the Cabinet of Ministers of Ukraine. The State Property Fund will transfer a controlling stake to the government immediately after the completion of the merger process, ”Skakun said.

According to the head of the Kharkiv region, the decision will allow the new enterprise to solve a number of issues, since the main national customers of industrial giants - Energoatom and Ukrhydroenergo are also subordinate to the cabinet of ministers.

“I am sure that this is exactly the path that will allow you to withdraw from the edge of the abyss Electrotyazhmash, which almost went down in history, like dozens of industrial enterprises of modern Ukraine. I consider this a success of the Kharkiv region and my personal success. In addition, I would like to inform you that it has been decided that the giant will be headed by Viktor Subbotin, "Skakun wrote.

Earlier it was reported that the meeting of shareholders of JSC "Ukrainian Power Machines", more than 75% of which belongs to the state, could not make a number of decisions on joining JSC "Plant" Electrotyazhmash "due to the prohibition of the Kharkiv Economic Court to make such decisions. According to the register of court decisions, the court adopted a relevant ruling prohibiting the assembly from making these decisions on September 21 to secure a claim related to the entrepreneur Konstantin Grigorishin AMC Svarog Asset Management, whose assets include more than 15% of Turboatom's shares.

On August 26 this year, the Cabinet of Ministers of Ukraine approved the reorganization of the state-owned enterprise Electrotyazhmash Plant by merging it with Turboatom JSC.

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