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Ukrainian railways, Infrastructure Ministry, EBRD sign agreement on IPO beginning

According to Head of Ukrzaliznytsia, the way to the IPO will accelerate the development process
18:03, 29 October 2019

Kravtsov Evgen Facebook

Infrastructure Minister Vladyslav Krykliy, Head of Ukrzaliznytsia Yevhen Kravtsov and Director of European Bank for Reconstruction and Development (EBRD) in Eastern Europe and Caucasus Matteo Patrone signed the agreement on the beginning of cooperation on the campaign of primary public equity offering as Kravtsov reported on Facebook.

“Today we opened the new page in the history of Ukrzaliznytsia. Infrastructure Ministry of Ukraine, EBRD and Ukrzaliznytsia signed the agreement at the beginning of the IPO procedure of the company. It is not only about the privatization, but also about the increase of the efficiency, improvement of company’s work, an increase of transparency level, eradication of corruption,” Kravtsov wrote.

Related: Cabinet of Ministers approves Ukrzaliznytsia strategy till 2024

According to him, it is planned to attract a few millions of dollars during the next 2-3 years thanks to IPO and drawn Ukrzaliznytsia to the first places among the transport companies of the world.

“The IPO start for us is the recognition of the results of work. It is really significant that we became the first state company of Ukraine, which made the real steps on the public equity offering,” he underlined.

Kravtsov also noted that Ukrzaliznytsia became the vanguard of reform and transformations out of the outsiders in the country.

As we reported International Agency Fitch Ratings published priority unsecured rating “B-(EXP)” of planned bonds Rail Capital Markets Plc for Ukrzaliznytsia (Ukrainian Railways), which allow participation in a loan with an indicative maturity in 2022-2023.

 

 

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