Business news from Ukraine

Business news from Ukraine

UKRNAFTOBURINNIA, CYPRIOT GLENSHEE COULD BUY ODESA PORT-SIDE PLANT

15 November , 2016  

KYIV. Nov 15 (Interfax-Ukraine) – PJSC Ukrnaftoburinnia and Cypriot-based Glenshee Holdings Ltd. could buy 99.567% in PJSC Odesa port-side chemical plant, reads a report in the bulletin of the National Commission on Securities and the Stock Market.

Both companies intend to participate in a privatization tender scheduled for December 14, 2016.

As reported, the initial price of this stake is UAH 5.16 billion, the bid increment is UAH 150 million. Potential buyers can apply to the State Property Fund with the initiative to sign confidentiality agreements until November 29, 2016. Tender documentation and final draft contracts are accepted until December 6.

Earlier MP Vitaliy Khomutynnyk said he on an equal footing with Ihor Kolomoisky owns Deripon Commercial Ltd. (Cyprus), which in late 2015 held a 44.989% stake in PJSC Ukrnaftoburinnia.