The reports of change of ownership of the Motor Sich engine manufacturing company (Zaporozhe) that appeared in the national media are untrue, the head of the company’s supervisory board, Anatolii Malysh, has told the Zaporozhe Commentary publication.

"These rumors are a complete drivel! Nobody has sold the company to anybody. There is no change of ownership or management. The company is operating as usual,” Malysh said.

According to him, the media claims that the company has been sold are an attempt to destabilize the situation at the company. "A certain group of people is starting these rumors, making unsuccessful attempts to destabilize the situation at the company... I repeat, these are baseless rumors, and we will find out the people spreading them,” said Malysh.

As reported, the Zaporozhe-based IPnews publication reported on December 13 that Motor Sich had been sold. According to the publication, replacement of the leadership of the company’s board of directors is currently taking place, and the heads of all its structural subdivisions will also be replaced.