The Cabinet of Ministers of Ukraine intends to steer 22.5 billion grivnas worth of privatization revenue to the national budget this year. To that end, the State Property Fund (SPF) has approved the list of 100 enterprises subject to privatization.
According to SPF acting chairman Vitaly Trubarov, the thermal energy company CentrEnergo (UX: CEEN), the Odessa portside chemical plant and several energy distributors are in active preparation for sale.
The Odessa plant remains in the highlight of privatization. Specializing in the transhipment of chemical products, the enterprise is the Ukraine's third largest nitrogen fertilizer producer, as well as the second largest producer of ammonia and carbamide.
A competition to sell 99.6% of plant's shares valued at 13.175 billion grn was announced as recently as June 2016. Although 10 companies of the United States, the Netherlands, Morocco, Indonesia, Turkey and Brazil showed interest in the auction at that time, the state-run fertilizer group was not sold.
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