The Ukrainian prime minister, Julia Timoshenko, urgently charged the Treasury with the preparation of contest concerning the re-privatization of "Krivorozhstal" by the reduced procedure, "Interfax-Ukraine" reported.
"I would like the tender to be conducted in a month. And I would like the certain groups of people not to earn money by seamy sides of economy from now on," said Timoshenko.

Timoshenko also stated that the law permitted to conduct reduced procedure and the terms depend on the government.

The premier pointed to the fact that there are no prohibitions or restrictions as regards the participants of the tender.

We remind that 92.02% of "Krivorozhstal" stocks were bought by Industrial Metallurgical Union (IMU) in the summer 2004. The Union paid 4260 million UAH (about $800 million).

On April 22, Kiev Economic Court decided the purchase to be illegal and stated to give the stocks back to the Treasury. On June 3, Kiev Court of Appeal proved the decision of Economic Court.

The premier also stated that the former owner could take part in the re-privatization process as well.

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