Odesa Port Plant may be sold for USD 500 mln
Odesa Port Plant (UNIAN Photo)
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Key privatization auctions to sell Centrenergo, Odesa Port Plant and six power distribution companies later this year
UNIAN: Ukraine prepares for privatization of Odesa Port Plant, as the State Property Fund (SPF), a key body supervising the ongoing process of privatization in Ukraine, expects to raise USD 500 million from sale of 99.7% of shares in Odesa Port Plant, scheduled for the end of 2015.
“We expect many competitors and [their] high interest in Odesa Port Plant. According to my estimates, [the expected revenues will be] at least USD 0.5 billion for 99.7% of shares,” said Chairman of State Property Fund of Ukraine Ihor Bilous at a briefing in Kyiv.
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As UNIAN reported earlier, main privatization auctions will relate to sales of Centrenergo, Odesa Port Plant and six power distribution companies, and will be held in November-December 2015.
“We have decided on priority assets, which will be offered on public auctions, shall we say, very transparent auctions this year,” Bilous said.
The State Property Fund is already looking to attract strategic privatization advisers.
“Currently we are selecting advisers from investment banks specializing in large-scale objects. Work is under way, preparations are being made regarding certain objects, transfer of shares is being carried out,” according to Bilous.
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There is a great interest among foreign investors, particularly in Odesa Port Pant and Centrenergo, the SPF chairman noted.
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