Business news from Ukraine

SPF: OVER TEN BIDS FOR PURCHASE OF HYDROELECTRIC PLANTS, POTENTIAL BUYERS FOR UBRD, ODESA PORT-SIDE PLANT

16 November , 2016  

KYIV. Nov 16 (Interfax-Ukraine) – The State Property Fund of Ukraine (SPF) has stated investors are highly interested in the privatization of hydroelectric power stations on the Pivdenny Buh River and said there are potential buyers of Ukrainian Bank for Reconstruction and Development (UBRD) and Odesa port-side chemical plant.

“We already have more than ten applications for each hydroelectric power plant, and the majority of interested parties are foreigners. There are those interested in buying UBRD and Odesa port-side plant,” SPF Head Ihor Bilous wrote on his Facebook page.

At the same time, he noted that, unlike the applicants themselves, the fund has no right to disclose the names of the companies, their country of origin and quantity, as well as comment on someone’s statements.

Bilous said the SPF is preparing transparent and open tenders and waits for all the candidates, while the final list of participants will be determined by competitive commissions.