Odesa Port-Side Chemical Plant repeat sale set for Oct

17:58, 21.07.2016 1 min read

The Odesa Port-Side Chemical Plant (OPCP) will be put up for sale again in October, presumably at a lower starting price, Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv has said.

He noted at a forum dedicated to 100 days of work of the government in Kyiv that an unsuccessful tender for the sale of OPCP would become a valuable experience in the privatization of state enterprises.

"It will allow government to continue privatization in Ukraine, taking into account risks and the actual market price. The enterprise five years ago cost much more than today. As State Property Fund Bilous has said – I won't cite him. This is planned for October," Kubiv said.

According to him, investors interested in purchase of the plant want a fair market price for the object.

Kubiv stressed a more effective owner today is not the state but a private investor.