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Slauta: Bread of Ukraine is likely to sell part assets
03.04.2007 11:42 "Agro Perspectiva" (Kyiv) —
Speaking on all-Ukrainian springtime field works selector meeting, Ukrainian Agrarian-Industrial Complex Vice-Premier Viktor Slauta said State-owned Joint Stock Company (SJSC) Bread of Ukraine is possible to sell a part of its assets.
As to Slauta, this sale will assure Bread of Ukraine financial recovery.
Vice-Premier made it known presently Bread of Ukraine companies are in different financial conditions, with their production facilities being loaded differently.
«If there are purchasers ready to buy Bread of Ukraine companies, these companies are to be privatized,» stated Slauta. He added such privatization wouldn’t do any harm to Bread of Ukraine.
Slauta also said this year Bread of Ukraine has favorable prospects to work as State agent on country grain market. Slauta added some countries (e.g. Libya) which enter Ukrainian grain market are ready to work only with State agents.
As to Agro Perspective earlier report, SJSC Bread of Ukraine was created by Cabinet Aug 22, 1996 Decree.
As of now, Bread of Ukraine annual flour producing capacity totals 1.423 mn MT (groats 76,400 MT, mixed feeds 848,000 MT); Bread of Ukraine grains storage capacity totals 4.833 mn MT (ports terminals annual transshipment capacity 2.1 mn MT).
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