Public joint-stock company Odesa Port-Side Plant and the State Property Fund of Ukraine (SPF) have selected Swiss bank UBS at a tender to select an advisor for the privatization of the company, and 13 candidates have shown their interest in its privatization, fund head Ihor Bilous has said.

"Today we announce the selected investment bank for Odesa Port-Side Plant. This will be UBS, a leading investment bank in the world," he said in the parliament on Friday.

"The plant itself selected the advisor. The state does not pay any kopeck for the advisor. This will be reflected in the conditions of the sale of the plant. The buyer will cover all these expenses," he said.

He said that 11 out of the 13 companies that showed their interest in the privatization of the plant are foreign companies.

Bilous said that all advisors involved in the privatization of large facilities of groups B and G will be selected at transparent tenders from among investment banks.

As reported, the Ukrainian government has said on several occasions that it plans to resume large privatization from the sale of 99.5% of shares in Odesa Port-Side Plant. Bilous said that the starting price is at least $500 million. The company's director assessed the plant at $600-620 million, while Ukrainian Prime Minister Arseniy Yatseniuk increased the assessment to $1 billion.