Five large investors have showed their interest in the privatization of public joint-stock company Odesa Port-Side Chemical Plant, Head of Ukraine's State Property Fund (SPF) Ihor Bilous has said.

"Now we speak about five large investors who showed their interest in the privatization [of the plant]. There were ten investors earlier," he said at a press conference devoted to the privatization and organized by the American Chamber of Commerce in Ukraine in Kyiv on Tuesday.

Bilous said that the tender will be announced at the end of May 2016 and will be held at the end of June. The deal to sell the plant will be finalized late July.

Bilous wrote in his blog on Facebook that the SPF had already developed investment conditions and would approve the assessment on April 22.

"A meeting of the working group, which will prepare recommendations for the Cabinet, the starting price and conditions, is scheduled for April 25-26," he wrote.

According to him, in late April the SPF will send a draft cabinet resolution on approval of the plant's privatization terms to the Ministry of Economic Development and Trade, the Finance Ministry and the Ministry of Justice for consideration.

Earlier Bilous said that Odesa port-side plant is ready for sale by 99%. Negotiations with potential buyers are underway, he said.

State-owned Odesa port-side plant produces chemical products and transships ammonia to vessels. The state plans to obtain $600 million for the enterprise.