In “Naftogaz” submitted a proposal regarding the terms of the reorganization consideration “Ukrnafta”

В "Нафтогазе" внесли предложение касательно условий рассмотрения санации "Укрнафты"

“Naftogaz” suggested to consider the introduction of procedures for pre-trial rehabilitation only under the condition that actions for the recovery of natural gas PJSC “Ukrnafta” 2006-2012 production or its value on the territory of Ukraine. About it reports a press-service of JSC “Ukrnafta”.

In public joint-stock company are confident that this decision will hurt the company.

“In fact, satisfaction of these proposals will lead to the inability to “Ukrnafta” to the use of his property, the right to which is proved by decisions of the courts of higher instances. We are saddened by this approach, because it jeopardizes the whole process of financial recovery of the company and is not in favor of “Ukrnafta”. As the Chairman of the company, I have fiduciary responsibility to uphold the rights of all its shareholders, and such suggestions put me in a very difficult position. Instead of directing efforts towards the withdrawal of companies from crisis, a majority shareholder through the existing conflict of interests can result in “Ukrnafta” to the point of no return”, – said the Chairman of the Board of PJSC “Ukrnafta” mark Rollins.

It is noted that PJSC “Ukrnafta” has received offers from the majority shareholder of the NJSC “Naftogaz of Ukraine” on issues of the agenda of the General meeting of shareholders, scheduled on 15 September 2016 the main item on the agenda is the initiation of the process of financial recovery of PJSC “Ukrnafta”.

We will remind, on may 24, the Supervisory Board of PJSC “Ukrnafta” supported the proposal on the preparations for the reorganization of the company.

According to the people’s Deputy from “Samopomich” Victoria Voytsitskoy, “Ukrnafta” today, owed to the state budget more than UAH 11 billion.