The State Property Fund will put the nationalized Zaporozhye Aluminum Works for another privatization.
According to the fund head Vitaliy Koval, the new owner will be able to change the activity of the enterprise.
“Unfortunately, we have to admit, that the company is not in a very good state. It’s a pity to see in ruins what once was state property. But even in such state we cannot accumulate losses, so the company is being prepared for privatization and the new owner will be able to repurpose it after the auction and launch new manufacture there,” he said.
He believes that the previous owner has on purpose led the company to such a state to remove competitors. (Ukrainian metal)