SPF reschedules sale of 94.5% stake in Odesa Port-Side Plant from Nov to Sept

12:58, 23.07.2015 1 min read

The State Property Fund of Ukraine (SPF) has rescheduled the sale of a 94.5% stake in public joint-stock company Odesa Port-Side Plant from November to September 2015.

The press service of the fund reported that the decision is stipulated in the ministry's order dated July 22, 2015.

The stake will be put up for sale at auction with an open price.

SPF Head Ihor Bilous, who has predicted there will be considerable interest in the auction, said that the stake could be sold for at least $500 million.

The conditions and the price of the stake are to be approved by a cabinet decision.

The press service said that the fund moved the terms of sale of stakes in the following energy companies: public joint-stock company DTEK Dniprooblenergo, DTEK Dniproenergo, DTEK Zakhidenergo and Kyivenergo (25% each) from November to August 2015.

Odesa Port-Side Plant is in state ownership. The plant trans-ships ammonia to vessels and produces chemical products.