Odesa Port-Side Plant seeks to approve debt restructuring to Naftogaz at Feb 6 meeting

09:44, 19.01.2017 1 min read

Shareholders of public joint-stock company Odesa Port-Side Plant at an extraordinary general meeting scheduled for February 6, 2017 seek to discuss the debt restructuring to national joint-stock company Naftogaz Ukrainy.

According to the agenda of the meeting, the shareholders will also make decisions to give preliminary consent to permit the company to sign large deals.

As reported, after the privatization tender failure the plant said that it would temporarily stop production due to high prices of natural gas and accumulated debts for its supplies.

The plant is looking for the companies interested in leasing its property for a long period of time. DCH Group of Oleksandr Yaroslavsky showed its interest in leasing the plant.

The plant produces chemical products and transships ammonia to vessels.