Pericles Global Advisory LLC has been selected an advisor to prepare Odesa Port-Side Plant for privatization, Concorde Consulting will act as an advisor for the privatization of President Hotel, acting Head of the State Property Fund of Ukraine Vitaliy Trubarov has said after holding first three tenders to select advisors to sell large enterprises.

"The advisor [Pericles Global Advisory LLC] obliged to conduct all the required audits in three months, design a financial model of the enterprise, search for potential investors and the main thing – to solve the problem with toxic debts," he wrote on his Facebook page on Monday.

Concorde Consulting was also selected an advisor to prepare PrJSC Indar for privatization. Concorde Consulting is part of Concorde Capital Group, the government's portal reported.

As was reported, the SPF late in June called tenders to hire advisers to sell 100% of Kyiv-based PJSC United Mining and Chemical Company, 70.7016% of PrJSC Indar, 100% of PrJSC President Hotel (all three are based in Kyiv), and two wholly state-owned enterprises: Krasnolymanska Coal Mining Company in the town of Rodynske, Donetsk region, and Kharkiv-based Electrotyazhmash Plant, as well as 99.5667% of PJSC Odesa Port-Side Chemical Plant in Odesa region.