Odessa port plant is ready for privatization
Privatization of one of the largest chemical plants in Ukraine is expected to begin in June.
There are at least 10 potential buyers that are interested in the purchase of Odessa Port Plant, including the Norwegian Yara and Polish Ciech, as well as 3 US companies (IBE Trade, Koch Fertilizers, CF Industries). There are also interested businessmen from Turkey and Indonesia.
State Property Fund plans to sell the enterprise for more than US $ 500 million. According to the Fund, trading was postponed due to the expected growth in prices for ammonia and urea on the world market, which will result in the highest possible price for the enterprise.
State Property Fund of Ukraine (SPF) is planning to start tender for privatization of 99.6% of shares of Odessa Portside Plant, one of the country’s largest manufacturers of chemical products on 30 June 2016. According to the declared plan, this stage of privatization will last for 30-45 days.