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Presale presentation of Odesa Port Plant held in Kyiv

August 26, 2009

On August 21, the State Property Fund (SPF) of Ukraine, the Ministry of Industrial Policy and the Foreign Affairs Ministry held a presentation for the tender to buy the state stake in ZAT Odesa Port Plant (OPP) for the diplomatic representatives of 12 countries.

According to the SPF, the presentation was part of the plan to prepare for the sale of the OPP stake. In attendance were Industrial Policy Minister Volodymyr Novytskiy, acting chair of the State Property Fund Dmytro Parfenenko, Deputy Foreign Minister Oleksandr Kupchyshyn and others. During the event, the SPF and MIP provided diplomatic missions with information about the privatization of the Odesa Port Plant and investment conditions in Ukraine and invited investors to participate in the tender.

The Fund had announced in July that it was holding a tender to sell 99.567% of the state stake in the Odesa Port Plant, a closed stock company. The starting price of the stake is UAH bn. The actual tender takes place on September 29, 2009.

ZAT Odesa Port Plant first went into operation in 1978. In 2005, it was turned into a stock company, with 100% of its shares belonging to the state. In 2007, 0.43% of shares were bought at a discounted rate by company employees. OPP’s statutory capital is UAH 798,544,000 [approximately US $100 million]. It specializes in the production of urea and ammoniac and in the transfer of chemical products intended for export from CIS countries. At this time, the company has just over 4,000 employees.

Tags: industry, Odessa