The Cabinet of Ministers approves privatization of the Dnipro Electric Locomotive Plant

The Company’s assets, at the end of 2020, were estimated at ₴420.3 million

The Cabinet of Ministers included the Dnipro Electric Locomotive Plant (DELP) Joint-Stock Company in the list of large state-owned assets subject to privatization.

The above decision was taken at the government session on Wednesday.

The explanatory note to the Resolution indicated that the Company’s assets, at the end of 2020, had been estimated as worth ₴420.3 million, while small assets subject to privatization had been valued below ₴250 million.

Interestingly, in 2018–2019, the Company was on the list of small assets subject to privatization, but no privatization took place at that time.

The Dnipro Electric Locomotive Plant (Dnipropetrovsk Research-and-Production Association for Electric Locomotive Engineering) is a mechanical engineering company that manufactures electrical engineering products. The Company was established in 1934 as a steam locomotive repair factory.