Wednesday, July 22, 2015

The State Property Fund of Ukraine speeds up privatization of Odessa Portside Plant

Its order dated July 22, 2015 the State Property Fund of Ukraine postponed the offer for sale of 94.5% stake in PJSC "Odessa Portside Plant" from November to September this year. As planned earlier, shares will be offered at auction with an open offer on the basis of the auction price.

According to the Head of the State Property Fund Igor Bilous, the State Property Fund plans to tremendous competition and expects a huge interest in the HMO. According to preliminary calculations, the above mentioned shares of the company may be sold for no less than $ 500 million.

The head of the State Property Fund has expressed confidence that the sale of shares of the SCR will be as open and transparent, and most importantly - convenient and useful for the country, as well as the sale of shares of "Kryvorizhstal" in 2005.

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