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Ukrainian Prime Minister Arseniy Yatsenyuk has ordered to cancel sale of a 5% stake in one of the largest chemical companies in the country - Odesa Port-Side Chemical Plant (OPP), scheduled for August 26, head of Ukraine's State Property Fund of Ukraine Ihor Bilous wrote on Facebook on Thursday.
"Our main task in the destatization of Odesa Port Plant is to carry out this procedure transparently, legally and with the profit to the state," Bilous said.
"At a cabinet meeting, Yatsenyuk ordered to draft a new assessment methodology and cancel the sale of a 5% stake in OPP," he said.
According to Bilous, the amendments to the privatization legislation, drafted by the agency, prevent the citizens of the aggressor state from participation in a privatization process, as well as abolish the mandatory sale of 5-10% of the shares, and allow attracting highly qualified and impartial advisers to the privatization process.
"The Verkhovna Rada had no time to consider our offer and we had to start preparing for the OPP privatization in line with the old regulations. During this period, we have found it impossible to conduct a procedure under the old regulations, which would be transparent enough and profitable to the state. Therefore, we have agreed with the prime minister on a possibility to delay the sale, in order to give the Verkhovna Rada time to consider our bill. We will then be able to carry out privatization according to the newly adopted regulations," Bilous said.
Read alsoEconomy Ministry: ten potential buyers for Odesa port plantAs UNIAN reported earlier, the sale of a 5% stake in OPP was sheduled by the State Property Fund for August 26 at Perspektiva Stock Exchange, with the initial cost of UAH 450 million.
Earlier, the National Commission on Securities and Stock Market recognized the shares of Perspektiva, the largest trading Stock Exchange, as fake.
Yatsenyuk opposed the sale of a 5% stake in OPP at Perspektiva Stock Exchange "Perspective" at a government meeting on August 19.