29 September 2009 12:25 [Source: ICIS news]
MOSCOW (ICIS news)--?xml:namespace>
The state-owned 99.567% stake was auctioned on Tuesday at an initial price of hryvnya (HRN) 4bn (€320m, $471m).
After the auction, the SPF head, Dmitry Parfenenko, described the auction's result as "inadequate" and said that the stake was worth HRN8-9bn.
The country’s prime minister, Yulia Tymoshenko, said in a statement: “It became evident on live television how the three participants in the auction conspired to buy the Odessa Port Plant for a song.”
Nortima represented the interests of Ukrainian tycoon Igor Kolomoisky, owner of the Privat metals and banking group.
Ahead of the auction, Parfenenko said there were no legal obstacles to privatising the plant. Earlier on Tuesday,
On 17 September, Yushchenko issued a decree to suspend the government's order allowing the privatisation of the plant, saying that the plant was of strategic importance to
The 1.5m tonnes/year
(HRN1 = €0.08, $1 = €0.68)
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