Minority shareholders of OJSC "Galychyna Oil Refinery Complex" (Drohobych Oil Refinery, Lviv region) are organizing an auction for the sale of the share packages owned by them. This was reported to UNIAN by the president of the Investment and Financial Group "Socrates," Roman SAZONOV.
According to him, minority shareholders of OJSC "Galychyna Oil Refinery Complex" approached IFG "Socrates" with a proposal to hold an open auction for the sale of the shares owned by them, with all interested parties being informed of its conduct.
He added that the total size of the package to be offered for sale is approximately 34% of the charter fund of the Galychyna Oil Refinery Complex. The tentative date for holding the open auction is October 31, 2005.
R. SAZONOV noted that currently specialists of IFG "Socrates" are preparing the terms of the auction and the procedure for its conduct.
Official information about the time, place, and terms of the auction will be published by IFG "Socrates" in the media, R. SAZONOV added.
UNIAN reference. 25% of the shares of the Galychyna Oil Refinery Complex belong to the state, 25% of the plant's shares are owned by Verkhovna Rada deputy Ihor YEREMEYEV, 9.99% by Tetiana YEREMEYEVA, 5.08% by the company "Zakhidhazresursy" (Lutsk), and about 32.9% of the shares are controlled by companies close to the "Privat" group.
In 2004, the plant increased oil refining by 5.8% compared to 2003, to 2.185 million tonnes. The share of the Drohobych Oil Refinery in the total volume of oil refining in Ukraine is 9.7%.
The Investment and Financial Group "Socrates" is a leader of the Ukrainian stock market, providing services in searching for investment opportunities, valuation of investment objects, organizing tenders for the purchase and sale of controlling and large share packages, attracting investments, trading in shares and bonds on the exchange and over-the-counter markets, management consulting, and legal support of transactions.