OPP, blocking shares of three energy companies to be re-offered for sale again, in December

UNIAN 2

The State Property Fund of Ukraine (SPF) intends in December 2017 to once again try to sell 99.6% of shares in the Odesa Portside Chemical Plant (OPP), as well as go for a second attempt to sell 25% state-owned packages of shares of Odesaoblenergo, Sumyoblenergo and Donbasenergo regional energy companies.

REUTERS
REUTERS

The corresponding changes are included in the privatization auctions schedule in 2017 by SPF order of October 5, which was published in the Vidomosti Privatizatsiyi newspaper.

According to the report, in October, if approved by government, the SPF also planned to sell 99.9% of the shares of Dniprovska TEP, then 99.8% of shares in Kherson TEP and 68% of Zaporizhia Aluminum Plant in November.

As UNIAN reported earlier, in mid-September, Acting Head of the State Property Fund of Ukraine Vitaly Trubarov noted that the re-privatization of the OPP could take place in the spring of 2018.

State Property Fund names privatization terms of OPP, CentrenergoIn December 2016, the third attempt failed to privatize 99.6% of shares in the OPP with a starting price of UAH 5.16 billion. The enterprise has accumulated about $193 million of debt owed to Dmytro Firtash’s Ostchem, which was recognized by international arbitration, and more than UAH 1.5 billion to Naftogaz of Ukraine.

Ukraine's property fund to inspect 32 privatized enterprisesUNIAN memo. Odesa Portside Chemical Plant (Yuzhnoye, Odesa Region) is Ukraine’s second largest producer of ammonia and urea and the third largest producer of nitrogen fertilizers. It specializes in reloading chemical products coming from the CIS countries for export. The plant holds a monopoly in the nation-wide market of specialized services for the acceptance, cooling and reloading of ammonia.

Ukraine sells its stake in DTEK Dniprooblenergo for US$39 mln to tycoon AkhmetovRevenues to the state budget of Ukraine from privatization at the end of 2016 amounted to UAH 188.9 million UAH, which is 24.8% more than in 2015.

At the same time, the sum is slightly over 1% of the UAH 17 billion targeted for 2016.

In 2017, the budget laid down revenues planned to be received from privatization of state enterprises at UAH 17 billion.

Tags: Ukraine, OPP, provatization, energycompanies, SPF