Privatization of Odesa Port-Side Plant in H1 2016 is unreal – manager
KYIV. Dec 10 (Interfax-Ukraine) – First Deputy Director of public joint-stock company Odesa Port-Side Plant Mykola Schurykov has said that the privatization of the enterprise in H1 2016 is unreal.
"I've heard the assurances of the State Property Fund that in July we will sell it – maybe I'm a poor judge of procedures, but it would be in October 2016… Can the plant be sold in H1 2016? This is unreal under law and regulations," he said at a press conference at Interfax-Ukraine on Wednesday.
Schurykov said that the Ukrainian parliament has not passed the bill amending the algorithm for the privatization of public enterprises.
He said that the realistic value of the plant is $1-1.5 billion.
Odesa Port-Side Plant transships ammonia to vessels and produces chemical products. It is in state ownership and it is planned to be privatized.