OGHK exclusive doubts the feasibility of privatization of a state -owned company in war conditions

The privatization of OGHK in wartime is absolutely impractical, said the exclusive OGHK, expert of the titanium industry of Ukraine Vladislav Itkin in an interview with UNN. According to Itkin, it is not even the low estimated value of the company, but that with the sale of OGHC the state is deprived of the opportunity for quality transformations in the titanium industry.

In addition to the fact that the state will lose control of the strategic industry, it will be deprived of the opportunity to build a powerful and extremely profitable industrial platform with a closed production cycle, and will not be able to provide its own titanium domestic OPC, aviation, space industry, etc.

There is no point in getting rid of strategic enterprises at least until there is no strategy and program of post -war revival of the economy, until it is unclear the future map of placement of productive forces until the contours of the further industrial policy of the state are visible. " affect the profitability of assets - expert. reprimodation of "Kryvorizhstal" than the contradictory Georgian privatization of twenty years ago.

We need a Western investor with our own resources, not Russian oligarchic business with state loans for external expansion. They are in the sanctions lists. Do we need to adopt such privatization experience? Where is the Western standards and search for leading Western investors? - emphasizes itkin. With regard to the starting price of OGHC assets, which the State Property Fund has determined at the level of $ 100 million, according to Itkin, it is also not market and adequate.

$ 100 million - This is the market price of a large capital shopping mall, which are already in Kiev. And OGHC is a unique strategic enterprise, the basis of the current titanium industry and a key element of a potential full cycle of titanium production, if it is aimed at building it.