Yushchenko again suspends privatization of Odessa Pre-Port Plant

16:39, 25 April 2008
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The decree posted at the President`s official web site

President of Ukraine Victor Yushchenko has repeatedly suspended the decree of the Cabinet of Ministers dated February 11, 2008, #261-R on the terms of the auction for sale of 99.52% shareholding of the Odessa Pre-Port Plant.

This is said in the President’s decree #405/2008, posted at the official web site of the Ukrainian President.

The motivational part of the decree is similar to that in the previous President’s decree, which suspended the privatization of the Odessa Pre-Port Plant.

As UNIAN reported earlier, Yushchenko issued a decree on April 15, which suspended the resolution of the Tymoshenko government, dated February 11, on the terms of the auction for the sale of the 99.52-per-cent package of shares of the Odessa Pre-Port Plant. The starting price of the package, to be put up for sale at the auction, is three billion hryvnias (some 600 million dollars). The auction was to be held 75 days after the publication of the announcement.

The Odessa Pre-Port Plant is the second biggest producer of ammonia and carbamide, and the third biggest producer of nitrogen fertilizers in Ukraine. It specializes on the transshipment of chemicals coming from the CIS member countries for export. The Odessa Pre-Port Plant holds the monopoly on the interstate market of specialized services for the reception, cooling and transshipment of ammonia. During the past three years some 88 per cent of the Factory’s produce has been going for export. Ammonia has been exported to Belgium, the United States and France, and carbamide – to Switzerland, Belgium, the United States and Germany. The charter capital of the Factory is 798,544,000 hryvnias.

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