The State Property Fund (SPF) intends to file a lawsuit to terminate the purchase and sale agreement for 30% of the shares of the Halychyna oil refining complex (Drohobych, Lviv region) and return them to state ownership. According to Yuriy Nikitin, director of the SPF's post-privatization support department, the basis for this was the failure to fulfill investment obligations undertaken by the buyer of the shares. \n \n"I can already speak about the prospects of filing a lawsuit in court – they are very serious. In two weeks we will receive all the necessary data from the relevant executive authorities. Of course, the lawsuit will be filed," Nikitin states. \n \nAccording to the SPF, under the agreement for the purchase and sale of the 30% stake in Halychyna, the investor undertook obligations to invest $256.5 million in production development, carry out reconstruction of the plant, and create a network of gas stations in the western region. However, according to Nikitin, these conditions were not fulfilled. \n \nHe also reported that representatives of the SBU, the Prosecutor General's Office, the State Commission for Securities and the Stock Market, the Ministry of Fuel and Energy, and the company Naftogaz Ukrainy are currently conducting an analysis of Halychyna's activities. \n \n"At the same time, it is very difficult to speak about the prospects of returning the stake," Nikitin says. In his opinion, it is currently difficult to legally prove which structures own precisely this block of shares. The SPF official believes that the owners of the problematic shares are known, but he declined to name them. \n \nCurrently, about 41% of Halychyna's shares are controlled by People's Deputy Ihor Yeremeyev, about 33% is controlled by the Pryvat group, and another 25% is owned by the state. \n\nTimur Novikov, first deputy chairman of the board of PryvatBank, assured DELO yesterday that PryvatBank has nothing to do with the problematic block of shares. "This is a block of other shareholders, I don't know which ones," he clarified. The second major shareholder of Halychyna – People's Deputy Ihor Yeremeyev – flatly refused to comment on the issue of possible problems with his shares. \n \nAs Valentyna Semenyuk previously reported, on February 1 an interdepartmental meeting was held at the SPF on the return to state ownership of 30% of the shares of NZF sold at a non-commercial competition in 1995. At that time they were sold to CJSC "Economic Union Halychyna," which resold this stake to three commercial structures – the companies Ryna-Halychyna, Halychyna-Kyiv, and Universal. Later the shares changed owners several more times. \n \nPrinted in the newspaper "DELO" No. 75 of February 10, 2006. \n \n \nRead also: \n \nThe Halychyna oil refining complex will halt production for an indefinite period