Photo from UNIAN
The State Property Fund (SPF) has rescheduled the time from November to September for carrying out privatization of 94.5% shares in Odesa port plant, which is expected to raise at least $500 million in revenue, according to the SPF press service.
In addition, the SPF has changed from November to August the timing for selling 25% state stakes in energy supply companies Dniprooblenergo, Dniproenergo, Kyivenergo and Zakhidenergo.
According to the press statement, investors have expressed considerable interest in purchasing these assets.
SPF chairman Ihor Bilous states that the Fund intends to sell the mentioned assets under a transparent procedure, similarly to the privatization process of Kryvorizhstal in 2005.
"We will inform the public about the course of events at all stages of privatization," the SPF press service reported with reference to the Fund’s chairman.
As UNIAN reported earlier, Ukrainian Prime Minister Arseniy Yatsenyuk urged the Verkhovna Rada to support privatization of Centrenergo, Odesa port plant, Sumykhimprom company and other state-owned assets in accordance with the privatization plan approved by Ukrainian government.
Earlier Yatsenyuk emphasized that the privatization of the state-owned company Centrenergo, Odesa port plant and other entities in transparent public auctions at market prices would favor the country's image.
As reported earlier, the State Property Fund, the main body in Ukraine in charge of the privatization of state property, intended to sell stakes in a number of companies in July-August, namely a 5% stake in Odesa port plant, and 25% stakes in energy supply companies Dniprooblenergo, Dniproenergo, Zakhidenergo and Kyivenergo.
In September-December, further privatization of Odesa port plant and power facilities was planned, in particular, a 70% stake of Nikolaevoblenergo, 70% of Khmelnitskoblenergo, 50.9% of the shares of Ternopiloblenergo and 99.9% of the shares of Dniprodzerzhynsk heating and power plant; in October - 65% of the shares of Kharkivoblenergo; in November - 94.9% of the shares of Odesa heating and power plant, 94.8% of the shares of Kherson heating and power plant and 94.6% shares of Odesa port plant; and in December - 55.2% of the shares of Zaporizhzhiaoblenergo.
In addition, in September the sale was planned of a 50% stake in Ukrnaftoprodukt, in October - 25% of Dnipro engineering plant, in October – 95% of the shares in Dneprmetrostroi and 50% of Orion machine-building association, and in December – 94.9% of the shares of Sumykhimprom.