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Five large investors interested in privatization of Odesa Port-Side Plant

Five large investors interested in privatization of Odesa Port-Side PlantFive large investors have showed their interest in the privatization of public joint-stock company Odesa Port-Side Plant, Head of Ukraine's State Property Fund (SPF) Ihor Bilous has said.

"Now we speak about five large investors who showed their interest in the privatization [of the plant]. There were ten investors earlier," he said at a press conference devoted to the privatization and organized by the American Chamber of Commerce in Ukraine in Kyiv on Tuesday.

Bilous said that the tender will be announced at the end of May 2016 and will be held at the end of June. The deal to sell the plant will be finalized late July.

He also said that the starting price will be set by Ukraine's Cabinet of Ministers on April 22. He said that the fund is discussing the price.

Earlier Bilous said that Odesa Port-Side Plant is ready for sale by 99%. Negotiations with potential buyers are underway, he said.

State-owned Odesa Port-Side Plant produces chemical products and transships ammonia to vessels.
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