REUTERS
Carrying out privatization of the Odesa Portside Chemical Plant (OPP) is possible at the end of 2017, while the sale of a controlling stake in Ukraine's major power generating company PJSC Centrenergo may take place in the middle of 2018, the State Property Fund of Ukraine (SPF) wrote on Facebook citing Deputy Head of the Fund Yuriy Nikitin.
"Privatization monsters" – controlling stakes in energy facilities, OPP Centrenergo – require a lot of time to prepare for adequate privatization, including the involvement of advisers. In the best case, OPP [will be sold] in the end of this year or the beginning of next year, while Centrenergo – in the middle of the next year," Nikitin said.
Read also2017 privatization plan sees another attempt to sell OPP scheduled for DecemberAs UNIAN reported, according to the memorandum on cooperation with the International Monetary Fund, Ukraine had to take all necessary measures to attract authoritative international investors and privatize the Odesa Portside Chemical Plant in the first half of 2017. In addition, the government intended to initiate the privatization of Turboatom, Centrenergo and Ukrspirt by the end of September 2017.
The government of Ukraine postponed large-scale privatization until the adoption by the Verkhovna Rada of a new law on privatization, which could be considered in September.