The Cabinet of Ministers of Ukraine approved the merger of JSC “Plant “Electrotyazhmash” with JSC “Turboatom”. The corresponding order on the approval of the reorganization dated August 26 was published on the Government portal.
In accordance with clause 22 of part two of Article 5 of the Law of Ukraine “On Management of State Property Objects”, to agree with the proposal of the State Property Fund regarding the reorganization of the Joint Stock Company “Plant “Electrotyazhmash” after the completion of the transformation of the state enterprise “Plant “Electrotyazhmash” in the process of privatization by merger the Joint Stock Company “Turboatom”. The State Property Fund to carry out a set of measures and procedures related to the merger of the Joint Stock Company “Plant “Electrotyazhmash” with the Joint Stock Company “Turboatom” in accordance with the requirements of the legislation, the text says.
Information:
At the end of July, the State Property Fund (SPF) of Ukraine initiated an extraordinary meeting of shareholders of JSC “Turboatom”, at which the issue of merger the plant “Electrotyazhmash” was brought up. After the reorganization, the name of JSC “Turboatom” is supposed to be replaced by JSC “Ukrainian Energy Machines” (JSC “Ukrenergmachines”).
A few days ago, “Electrotyazhmash” changed its form of ownership from a state enterprise to a joint stock company.
The plant “Electrotyazhmash” specializes in the production of hydro generators, turbine generators for thermal power plants and nuclear power plants, electric motors for drives of rolling mills, mine hoists, traction electrical equipment for railway and urban transport.