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GISMETEO.RU
UJ Week
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Business    

In blow to privatization, no takers emerge for Odessa Port-Side Plant
Journal Staff Report

KIEV, July 19 – No company has submitted a bid to participate in a tender to sell 99.567% of Odessa Port-Side Plant, the State Property Fund reported.

"Today, on July 18, 2016, the term for filing bids to participate in a tender to sell Odessa Port-Side Plant expired. As of 18:00 no bid was submitted. Due to the absence of the bids the fund has to declare a failure of the tender due to the absence of demand," the fund said.

The fund said that since the moment of the publication of the announcement to sell the plant potential investors had showed their interest. They signed relevant confidential agreements. After studying a package of documents and the situation in Ukraine and around the plant they said that they are not ready to take part in the tender. They gave the main reasons of their decision.




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