Head of the State Property Fund of Ukraine (SPF) Ihor Bilous says an auction to sell 99.6% of the shares in one of Ukraine`s largest chemical producers Odesa Portside Chemical Plant (OPP) is scheduled for July 26.
”The auction will be held on July 26,” Bilous told reporters.
As UNIAN reported earlier, the Ukrainian government in mid-May approved the OPP privatization terms with a starting price set at UAH 13.175 billion. According to Bilous, the price was determined after an independent evaluation of the shares and approved by the ad hoc commission on OPP privatization.
It was reported that the European Bank for Reconstruction and Development, as well as the International Monetary Fund suggested that the Ukrainian government reduce the starting price of the OPP. The SPF argued it was a sound and reasonable price and its revision in the shortest terms was impossible.
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 Portside 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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