Ukraine's State Property Fund (SPF) has announced a tender to sell 99.567% shares of public joint-stock company Odesa Port-Side Plant and scheduled it for December 14, 2016.
"The tender to sell the stake in Odesa Port-Side Plant will be held at 11:00 on December 14, 2016 in the premises of the SPF at room 303, 18/9, Kutuzova Street, Kyiv," the fund said.
The starting price is UAH 5.16 billion. The bid increment is UAH 150 million.
Potential buyers can submit applications to sign confidentiality contracts before November 29, 2016. Bids can be submitted by 18:00 December 6.
The press service said that potential buyers are to pay the bid deposit of UAH 258 million and a registration fee of UAH 340. The payments can be settled in foreign currency.
According to the recent amendments to privatization legislation, pontifical buyers-bidders have the right to present a bank guarantee for the sum of the bid deposit of UAH 258 million to participate in the tender.
The buyer will have liabilities in economic, innovation and investment, social and environmental operations of the plant, in the spheres of corporate relations and property management. The liabilities will be taken for five years.