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Ukraine to auction off 11 state firms in 2011

© RIA Novosti . Vladimir Fedorenko  / Go to the mediabankYury Boyko
Yury Boyko - Sputnik International
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Ukraine's government released on its website on Wednesday a list of 11 state energy firms it plans to sell this year to boost its crippled economy.

Ukraine's government released on its website on Wednesday a list of 11 state energy firms it plans to sell this year to boost its crippled economy.

The move was announced by Energy Minister Yury Boyko on Tuesday.

The list includes Zapadenergo, estimated at $7.2 million, and Dneproenergo, worth $4.6 million.

A 25% stake in Ukraine's main energy firm Naftogaz is also up for sale at $5-6 million. Naftogaz head Yevhen Bakulin said last month the company may hold an IPO in 2012-2013.

Naftogaz ships 80% of Russian gas to European consumers.

KIEV, April 13 (RIA Novosti)

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