Ukraine eyes Odessa plant privatisation in 2013

27 February 2013 16:07  [Source: ICIS news]

MOSCOW (ICIS)--Ukraine's authorities indicated plans to sell a controlling stake in the Odessa Port Plant later this year, according to Ukraine's State Property Fund (SPF).

The SPF included the Odessa Port Plant in the list of state-controlled companies to be privatised later this year, Alexei Kosmin, head of the SPF regional department, told a news conference in Odessa on Wednesday.

The SPF aims to auction a state-owned 99.5% stake in Odessa Port Plant, he was quoted as saying in an announcement from the Odessa municipal news service, released on Wednesday.

The 1.5m tonnes/year Odessa plant is Ukraine's second-largest ammonia producer. Ukraine first announced plans to privatise it back in 2004, then in 2008. The state-owned 99.5% stake was auctioned on 29 September 2009. Ukraine's Nortima placed the winning bid, but Ukraine's authorities disapproved of the results of this auction.

By: Sergei Blagov
+44 20 8652 3214

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