Privatization

Odessa port plant agreed with the President of Ukraine Viktor Yushchenko. This was announced today at a press briefing, First Deputy Secretariat Chief of Staff Oleksandr Shlapak.

This position was agreed with the President - he said.
He noted that the earlier decision of Mr Yushchenko to ban the privatization of AEs were related to the fact that the privatization of the company was scheduled to be held in a package with several other objects with which the head of state did not agree.

Now, according to A. Shlapak, agreed to a separate sale of IPF.

As reported, the State Property Fund of Ukraine (FGIU) yesterday announced a competition for the sale of public shareholding of 99.567% of JSC Odessa Port Factory. According to the initial price set at 4 billion UAH. The contest will take place through the 75 days since its announcement.
According to the Acting Chairman FGIU Dmitri Parfenenko, realizable price of the planned sale of state JSC Odessa Port Plant 'could amount to nearly $ 1 billion

Recall competition on sale of 99.52% stake in Odessa port plant planned to held on 20 May 2008. However, National Security and Defense Council of Ukraine on May 16, PG forbade the Government and the State Property Fund of Ukraine to implement the privatization of state shareholdings in power, Odessa port plant and certain other businesses.
The decision of the NSDC was enacted by presidential decree.

7 July, 2008 Victor Yushchenko once again suspended the order of the Cabinet on the privatization of the Odessa port plant.

Help. OJSC Odesa Port Works (in the South, Odessa reg.) - the second largest producer of ammonia and urea and the third - for the production of nitrogen fertilizers in Ukraine, specializes in the transshipment of chemical products coming from the CIS countries for export.

plant a monopoly on the national market of specialized services for receiving, cooling and transshipment of ammonia.
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