Cabinet of Ministers approved the conditions of re-tender for the privatization of Odessa Portside Plant

20.10.2016

The Cabinet of Ministers of Ukraine at its session on Wednesday approved the conditions of re-tender for the privatization of JSC Odessa Portside Plant.

During consideration of the issue on the agenda Prime Minister of Ukraine Volodymyr Groysman said that he considered necessary to check whether there hadn’t been any violations during the formation of the starting price of the OPP for the privatization tender in May.

"I believe that there is the need to carefully analyse the assessment methods, which were done in May”, he said. “It should be a subject to be considered by law enforcement agencies to determine whether there had been used correct methods because such actions could have potentially caused losses to the state. This issue must be addressed."

Volodymyr Groysman reminded that back in May the price of the plant had been calculated by a Ukrainian expert, the Government had to agree and the market had determined it as being overestimated.

Now the State Property Fund of Ukraine suggested starting price for the auction of the Plant at the level of UAH 5 bn. Thus, the basic conditions of participation in the tender of the OPP privatization are much better than in May, said the Head of Government.

The Prime Minister noted that only market can determine the price of company.
 

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