The merger of Turboatom and Electrotyazhmash has entered the final stage
A meeting with the participation of the Prime Minister of Ukraine Denis Shmygal, dedicated to the unification of two Kharkov machine-building enterprises - Turboatom JSC and Electrotyazhmash JSC - and the creation of the Ukrainian Energy Machines concern on their basis, was held on Thursday, October 21, in Kiev.
“The merger of Turboatom and Electrotyazhmash is in the final phase. Sorted out with creditors - in particular, Energoatom. Prescribed and approved the terms of debt repayment. What does this mean for the region? Two enterprises have been preserved. The prospect of their work is clear. The teams will have jobs and wages. New contracts are guaranteed, "- wrote the acting chairman of the Kharkiv regional administration Alexander Skakun in his note on the Facebook page.
As previously reported, the Kharkiv plants "Turboatom" and "Electrotyazhmash" are not simply merged into the "Ukrainian Power Machines". The new giant enterprise is transferred to 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.