KIEV, Oct. 12 – Nortima Ltd. has accused Ukraine's State Property Fund, which refused to declare the company the winner of a tender to sell a 99.567% stake in OJSC Odessa port-side chemical plant, of inconsistency for not returning to Nortima its UAH 400 million bid deposit.

"Until the State Property Fund concludes a purchase and sale agreement with Nortima as the winner of the tender, the state has neither the legal grounds nor moral right to use the funds deposited by our company as a bid guarantee," the company said in a statement on Monday.