The Cabinet of Ministers has approved a plan for placing shares of PJSC Odesa port-side chemical plant, according to which it is planned by Oct. 31, 2014 to sell 5 percent of the company's shares on the international stock markets.
This is stated in Cabinet order No. 861-r of Sept. 3, 2014, the text of which has been posted on the government’s portal.
It is planned to sell 94.567 percent of the shares in the plant at an auction with open bidding by June 30, 2015.
As reported, Prime Minister Arseniy Yatseniuk on September 3 announced the plan to sell a 5 percent stake in Odesa port-side chemical plant on the western exchange to determine the actual value of the company.
In late July, acting head of the State Property Fund of Ukraine Dmytro Parfenenko reported that companies from France and Qatar are interested in the privatization of Odesa port-side plant. According to him, the State Property Fund plans to obtain at least $600 million for a controlling state stake in the enterprise, while the object has not been assessed.
