Lenders Ukrtelecom may change the interest rate on the loan

After the privatization of Ukrtelecom creditors, grant the company a loan in 2005, may raise the issue of changing the interest rates on the loan the chair of the State Property Fund of Ukraine Alexander Ryabchenko said during a meeting of the special control commission for privatization of the Verkhovna Rada Ukraine, RBC-Ukraine. "Now the question was withdrawn and the parties agreed that it could only be discussed after the signing of the acceptance-transfer company. Therefore, today the issue of credit availability, the company absolutely is not sharp, "- said Ryabchenko. Recall October 13, 2010 State Property Fund put up for sale 92.79% stake in Ukrtelecom at a starting price of 10.5 billion USD, but due to the fact that the bid was submitted only one application, it does not take place. The company has offered for ESU Ukrtelecom price of 10 billion 500 million UAH 10. Under the terms of the sale of Ukrtelecom, the purchaser must provide a lucrative economic activities of society on the income statement at the end of the third financial year from the date of transfer of ownership of shares. It must also fulfill the conditions of the loan agreement from 2005 (the company has taken the banks Credit Suisse First and Deutsche Bank for 7 years loan for $ 500 million). In addition, the owner of the company will be required for the three months to pay 74.37 mln dividends for 2007 (excluding interest) and within two years will be required to fund the establishment of state special occasion. February 11 MFI after the assessment has made an offer Ltd. ESU (owned by an Austrian concern Epic) purchase Ukrtelecom for 10.575 billion UAH. SPF intends to sign a contract with Epic for the sale of Ukrtelecom no later than February 25.