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Privatization

Odesa Port Plant to be put up for sale by October 2015

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The Cabinet of Ministers of Ukraine has issued a resolution No. 1088-r which extends the deadline of privatization of Odesa Port Plant until September 30, 2015, reported the State Property Fund of Ukraine.

It is expected that the 94.56% stake owned by the state will be sold at the privatization tender with open price offers on the principle of the auction and 5% of company’s shares will be put for sale at the stock exchange by May 31 next year.

As a reminder, earlier the State Property Fund planned to announce in December this year tenders with open price offers on the principle of the auction on selling 89.567% of the state-owned shares of Odesa Port Plant and also in November for sale 10% of company’s shares at the stock exchange.

Then the Cabinet approved a decision on putting for sale 5% of Odesa Port Plant’s shares at the international stock exchanges and also on increase of its state-owned shares, which will be sold on the privatization tender with open price offers, by 5% to 94.567%.

Source: Unian
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