The Ukrainian government and Prime Minister Volodymyr Groysman have supported the reduction in the starting price of Odesa port-side chemical plant at a privatization tender to $150 million, Head of the State Property Fund of Ukraine (SPF) Ihor Bilous has said.

"We want together with the government, and the prime minister supports me, to start [the sale of the plant] albeit at a level of $150 million, but this is the starting price," he said on the air of Channel Five.

Bilous added that investors who were interested in the first tender, when the starting price was UAH 13.175 billion (about $527 million), "have not disappeared."

"Others will come when they see the starting price," the SPF head considers.

He found it difficult to predict the final price at the tender, noting the need to take into account the company's $300 million debts, as wells as the need for at least $50 million of working capital, but stressed that the final decision on the sale at the price set at the tender will be made by the Cabinet of Ministers.

As reported, the State Property Fund scheduled a tender for the sale of 99.567% in Odesa port-side chemical plant with a staring price of UAH 13.175 billion for July this year, but it failed due to no bids.