Public joint-stock company Odesa Port-Side Plant and the State Property
Fund of Ukraine (SPF) have selected Swiss bank UBS at a tender to select an
advisor for the privatization of the company, and 13 candidates have shown
their interest in its privatization, fund head Ihor Bilous has said.
"Today we announce the selected investment bank
for Odesa Port-Side Plant. This will be UBS, a leading investment bank in the
world," he said in the parliament on Friday.
"The plant itself selected the advisor. The state
does not pay any kopeck for the advisor. This will be reflected in the
conditions of the sale of the plant. The buyer will cover all these
expenses," he said.
He said that 11 out of the 13 companies that showed
their interest in the privatization of the plant are foreign companies.
Bilous said that all advisors involved in the
privatization of large facilities of groups B and G will be selected at
transparent tenders from among investment banks.
As reported, the Ukrainian government has said on
several occasions that it plans to resume large privatization from the sale of
99.5% of shares in Odesa Port-Side Plant. Bilous said that the starting price
is at least $500 million. The company's director assessed the plant at $600-620
million, while Ukrainian Prime Minister Arseniy Yatseniuk increased the
assessment to $1 billion.
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