Ukrainian Prime Minister Arseniy Yatsenyuk has ordered that sale of 5 percent of shares in public joint-stock company Odesa Port-Side Plant scheduled for Aug. 26 on the Perspectiva stock exchange is revoked and new appraisal methods are drawn up, Head of the State Property Fund of Ukraine (SPF) Ihor Bilous has said.
“This is good, as this allows us to better prepare for the privatization of the facility and conduct it as openly and transparently as possible,” he wrote on his Facebook page.
Bilous said that the SPF drew up amendments to the law on privation of state-run property, under which representatives of countries-aggressors are not able to participate in the privatization in Ukraine, as well as the obligatory sale of 5-10 percent of shares in the companies is revoked and independent advisors can be involved in the process. The fund also has drawn up new appraisal methods.
However, the parliament failed to discuss the proposals and the fund had to start preparing for the privatization of Odesa Port-Side Plant under old rules, Bilous said.
“During these preparations we have come to the conclusion that it is impossible to hold transparent and effective [privatization] procedure. We’ve agreed the possibility of postponing the sale of Odesa Port-Side Plant with the prime minister to allow the parliament to discuss our draft law and then privatize it under new rules,” Bilous said.
