The shareholders of JSC “Ukrainian Power Machines” approved the conditions for the conversion of shares and the decision to issue additional shares.

Присоединение Электротяжмаш

The shareholders of JSC Ukrainian Power Machines (formerly JSC Turboatom) approved the merger of JSC Electrotyazhmash. This is evidenced by the corresponding protocol on the website of the State Property Fund, informs Railway Supply magazine with reference to the GMK Center.

Separately, the shareholders approved the new organizational structure of JSC Ukrainian Power Machines, which is put into effect with the signing of the deed of transfer.

The merger of Turboatom and Electrotyazhmash will be completed in the near future

On December 7, the National Commission for Securities and Stock Market stopped the circulation of shares in Electrotyazhmash and replaced the certificate of registration of shares of JSC Ukrainian Power Machines.

In October 2019, the Ministry of Economic Development, Trade and Agriculture of Ukraine transferred the Kharkov plant “Electrotyazhmash” for privatization. In October 2021, the Cabinet of Ministers decided to transfer 75.224% of shares of JSC Ukrainian Energy Machines to its management from the State Property Fund after the completion of the merger procedure for Electrotyazhmash.

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