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The Cabinet has approved a decree "On approval of terms of sale of portfolio shares of Public Joint Stock Company JSC Scientific Research Institute of Radio Engineering Measurements in open tender and according to auction principle," the Information-Analytical Bulletin of the Cabinet of Ministers of Ukraine informs.
The purpose of the decree is to create favorable terms for a competitive sale of state-owned shares, bringing to the privatization of state-owned shares an investor interested in long-term development of the institute.
In addition, the decree will help ensure appropriate public revenues and improve financial performance of the company. The document was adopted for the implementation of the State Privatization Program 2013.
According to the minutes of the tender committee, approved by the State Property Fund, the portfolio of state owned shares offered for sale include 103,349,021 shares, which is 50% +1 share of the authorized capital of the company. The starting price of the package is 14,160 UAH.
The terms of sale of JSC Scientific Research Institute of Radio Engineering Measurements include a number of obligations that must be met by the buyer after privatization. The list includes obligations in the economic, innovation, investment, and social area, as well as commitments in the field of corporate and property relations.