KIEV, May 18 – The State Property Fund has asked the Cabinet of Ministers to approve the starting price for a state stake in the public joint-stock company Odessa port-side chemical plant at UAH 13.175 billion ($521 million at the current exchange rate).

"All the preparations for the privatization of the plant have been completed... As a result of an independent assessment of the state-owned stake in the PJSC Odessa port-side plant, the tender commission for the privatization set the starting price at UAH 13.175 billion. We are talking about a package of 795.084 million shares, which accounts for 99.6% of the company's shares," SPF Head Ihor Bilous said presenting the relevant draft government resolution.