The Cabinet of Ministers has approved of the terms of a repeated tender for the privatization of PJSC Odessa port-side chemical plant.
The government made the relevant decision at a meeting on October 19.
“The basic conditions of participation are much better than they were in May (during the first unsuccessful tender)”, Prime Minister Volodymyr Groysman said.
According to the government resolution, the starting price of the plant has been decreased to 5.16 billion UAH, the term of privatization has been extended until January 7, 2017.
On October 6, Groysman said the Cabinet intended to approve of the starting price of Odessa port-side plant proposed by the State Property Fund.
“We are now looking forward to proposals from the State Property Fund as for the next round of the sale of this object. I believe it will be successful”, the premier said.
The State Property Fund scheduled a tender for the sale of a 99.567% stake in Odessa port-side plant with a starting price of 13.175 billion UAH for July, but it failed due to no bids. (Interfax/Business World Magazine)
