The major international consulting companies Deloitte & Touche, Ernst & Young, and Baker Tilly Ukraine are participating in a competition to determine the values of the assets and property rights that will be used to create the authorized capital of the Ukrainska Zaliznytsia public joint-stock rail transport company, the Interfax Ukraine news agency reports.
As the news agency’s correspondent reported from the announcement of bids on Monday, all the three companies have submitted bids.
The Cabinet of Ministers approved the resolution on establishment of Ukrainska Zaliznytsia at a meeting on 25 June 2014. The company exists in the form of a public joint-stock company, in which 100% of the shares are reserved for the state without the right of alienation.
The new join-stock company is expected to be created by merging the six existing railroads, as well as public rail transport enterprises, institutions, and organizations. In addition, the state’s stocks, shares, and equity in companies created with the participation of rail transport enterprises will be contributed to the authorized capital of the new join-stock company.
The join-stock company is expected to be established through creation of vertically integrated entities based on their types of operations: freight transportation, domestic and international passenger transportation, suburban and regional passenger transportation, maintenance and operation of infrastructure, provision of locomotive traction services, repair of rolling stock, construction and repair infrastructure, scientific research and development work, operation of social facilities, etc.
