16:28 10.12.2016

DCH Group plans to involve Rothschild & Co as advisor in intl consortium to buy Odesa Port-Side Plant

2 min read
DCH Group plans to involve Rothschild & Co as advisor in intl consortium to buy Odesa Port-Side Plant

DCH Group of Kharkiv businessman Oleksandr Yaroslavsky has detailed its plans to create a consortium for the purchase of the Odesa Port-Side Plant.

"We intend to involve Rothschild & Co Bank as an advisor for establishing an international consortium to acquire Odesa Port-Side Plant. At the moment, we are discussing its role as an advisor," reads a statement posted on the DCH website.

The tender for the sale of shares in Odesa port-side plant with the starting price of UAH 5.16 billion was scheduled for December 14, 2016. However, it won't take place because none of the candidates submitted their bids in time. DCH Group represented by Glenshee Holdings Limited originally planned to take part in the tender. But later it refused the plans, pointing out the risks associated with the increasing creditor indebtedness of the plant and proceedings at the Antimonopoly Committee of Ukraine.

However, the company said it was still interested in buying the plant and offered to create an international consortium to acquire PJSC Odesa Port-Side Chemical Plant.

Rothschild & Co is a financial holding company controlled by the French and English branch of the Rothschild family. Rothschild & Co is the flagship of the Rothschild banking Group and controls the Rothschild Group's banking activities including N M Rothschild & Sons and Rothschild & Cie Banque.

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