National committee on securities and stock market of Ukraine decided to start issuing shares of the Ukrainian Railways, as CEO of the company Evgen Kravtsov informed.
“It’s a historic event for our company. Today we receive the certificate on issuing Ukrainian Railways shares. Building an effective system of corporate management, based on openness, transparency, and accountability, introduces a clear division between market directions, and will allow us to make heads personally responsible for a specific activity. Finally, corporatization will open doors for foreign investors, and it means new substantial opportunities to renovate the rolling stock and railway infrastructure for investors’ money, which will be felt by our clients, passengers, and shippers. A new stage of reforms at our company begins,” he said.
Based on the Ukrainian legislation, all shares of the Ukrainian Railways are a part of state property.