The Supervisory Board of the Ukrainian Defence Industry Joint Stock Company has decided to establish limited liability companies on the basis of three state-owned enterprises. This was reported by Komersant ukrainskyi
with reference to the the press service of “Ukroboronprom.
Finally, the SOEs will be transformed into LLCs after the relevant state registration procedure. This transformation is one of the elements of the corporate governance reform in the defence industry being implemented by Ukroboronprom.
“We have to complete the reform, as successful corporatisation is the key to further development of the Ukrainian defence industry, its transformation into a modern high-tech cluster, which is already becoming the backbone of the entire country’s economy,” said David Lomdzharia, Chairman of the Supervisory Board of Ukroboronprom.
He also reminded that as part of the reform, 42 enterprises have already been transformed into business companies – LLCs and JSCs – 14 of which will be transformed in 2024.