DCH Group of the Kharkiv businessman Oleksandr Yaroslavsky has detailed its plans to create a consortium for the purchase of the Odessa Port-Side Plant.
“We intend to involve Rothschild & Co Bank as an advisor for establishing an international consortium to acquire Odessa Port-Side Plant. At the moment, we are discussing its role as an advisor”, reads a statement posted on the DCH website.
The tender for the sale of shares in Odessa port-side plant with the starting price of 5.16 billion UAH was scheduled for December 14. However, it won’t take place because none of the candidates submitted their bids in time. DCH Group represented by Glenshee Holdings Limited originally planned to take part in the tender. But later it decided not to, pointing out the risks associated with the increasing creditor indebtedness of the plant and proceedings at the Antimonopoly Committee of Ukraine.
However, the company said it was still interested in buying the plant and offered to create an international consortium to acquire PJSC Odessa Port-Side Chemical Plant.
Rothschild & Co is a financial holding company controlled by the French and English branch of the Rothschild family. Rothschild & Co is the flagship of the Rothschild banking Group and controls the Rothschild Group’s banking activities including N M Rothschild & Sons and Rothschild & Cie Banque. (Interfax/Business World Magazine)