Starting price of 94.5% in Odesa port-side plant will be no less than $500 mln – SPF

17:40, 18.08.2015 1 min read

The starting price of a 94.5% stake in Odesa port-side chemical plant will be no less than $500 million at auction, Head of the State Property Fund (SPF) Ihor Bilous said at a meeting of the plant supervisory council.

According to the press service of the Ministry of Economic Development and Trade, Bilous noted that at present ten potential investors are interested in the privatization of Odesa port-side plant.

Bilous also said it is planned to attract a large international investment bank as an advisor for privatization by the end of August, while a road show for investors will begin in September.

As reported, the State Property Fund of Ukraine intends to put 5% of PJSC Odesa port-side chemical plant up for sale through Perspectiva stock exchange on August 26.

The sale of a 94.5% stake in PJSC Odesa port-side plant is scheduled for November.