The European Bank for Reconstruction and Development (EBRD), a key Ukrainian lender, could take part in the privatization of a large chemical plant in Odesa, the south of Ukraine, according to Reuters.
”[EBRD`s Managing Director for Eastern Europe and the Caucasus Francis] Malige said the EBRD could take a 15-25% stake in the privatization of Ukraine`s largest chemical producer, the Odesa Port Chemical Plant (OPZ), in an auction that could come as early as next month,” Reuters wrote.
As UNIAN reported, Ukraine`s State Property Fund (SPF) plans to announce an auction late in June to sell 99.6% of OPZ`s shares and the deal should be closed late in July.
SPF head Ihor Bilous mentioned Norway`s Yara Norge, IBE Trade Corp., Koch Fertilizer, LLC, CF Industries Holdings, Inc. (all three are based in the United States), and Poland`s Ciech S.A. among potential buyers of the plant.
Odesa port-side chemical plant is Ukraine`s second largest producer of ammonia and carbamide. It ranks third in terms of production of nitrogen fertilizers in Ukraine. It also handles transshipments of chemicals arriving from the CIS countries for export.
The plant has a monopoly on specialized services of handling, cooling and transshipment of ammonia.
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