LONDON, July 4 – It is planned to conduct an IPO for 15% of the shares in public joint-stock company Ukrgazvydobuvannia in 2015, chief adviser of board chairman of Naftogaz Ukrayiny Yuriy Vitrenko said at the Ukraine’s European Vector: Impact on Business conference organized by Concorde Capital investment company in London.

He said that it is planned to place the shares on Ukrainian exchanges. Later the state plans to fully withdraw from the gas extraction sector of the country.

Vitrenko said that the conducting of the IPO is linked to the necessity of developing the company and the natural gas extraction market. He said that a 100% share stake in Ukrgazvydobuvannia costs $12 billion.