Business news from Ukraine

CHINESE EXCHANGE INTERESTED TO BUY OVER 25% IN UKRAINIAN PFTS EXCHANGE

Chinese Bohai Commodity Exchange (BOCE), which last year became the owner of the Ukrainian Bank for Reconstruction and Development (EBRD), is mulling the possibility of buying over 25% of shares in public joint-stock company PFTS stock exchange. The Antimonopoly Committee of Ukraine reported that BOCE (Hong Kong) Co., Limited asked the committee to present the preliminary conclusions on the acquisition of the stake in the Ukrainian exchange.
As reported, BOCE (Hong Kong) Co., Limited at the end of November 2016 won at the auction of the State Property Fund of Ukraine for the sale of 99.9% of UBRD shares being in state property. The final selling price was UAH 82.83 million.
The contract for the sale and purchase of shares was signed on June 8, 2017 and in early July China’s BOCE completed the payment of shares purchased at the privatization auction.

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SEA PORT AUTHORITY SIGNS CONTRACTS WITH CHINESE CHEC TO CARRY OUT DREDGING WORKS

The Ukrainian Sea Port Authority and China Harbour Engineering Company Ltd. (CHEC) on April 6, 2018 signed two contracts for carrying out dredging works at the Chornomorsk seaport (Odesa region): one document envisages dredging works in the approach canal and the second one – in the water area of the first boot basin of Sukhy estuary.
An Interfax-Ukraine correspondent has reported that the signing ceremony was held with participation of Ukrainian Infrastructure Minister Volodymyr Omelyan, Ukrainian Sea Port Authority Head Raivis Veckagans, Head of the administration of the Chornomorsk branch of the Ukrainian Sea Port Authority Viacheslav Voloshyn, Head of the administration of the Yuzhny branch of the Ukrainian Sea Port Authority Maksym Shyrokov, Head of the representative office of CHEC in Ukraine Lin Tao, representatives of the Chinese Embassy in Ukraine and journalists.
“The project of dredging the water area of the Chornomorsk seaport provides for an increase in the depths of water approaches and the operational water area of the port to 16 meters and will allow more efficient functioning of one of the largest seaports in Ukraine,” Omelyan said.
He thanked Veckagans who, in his words, together with the team, created all the necessary conditions for attracting both national and foreign companies with a world-wide reputation to participate in tenders.
“Traditionally, the contract organization was chosen based on the results of the tender in the ProZorro e-procurement system, which ensures absolute transparency and openness of the process and excludes the possibility of any corruption. Thus, according to the results of the tender, we have saved more than UAH 40 million, and the winner is China Harbour Engineering Company Ltd.,” Omelyan said.
As a result of the tender, which took place on March 13, the savings amounted to 10% of the expected value.
The cost of the project is UAH 404 million.
“The project should be implemented before the end of 2018. Reconstruction of the maritime approach canal and the water area of the first boot basin will further allow for the reconstruction of the berths of the Chornomorsk port and the dredging works in the operating area of the berths,” Veckagans said.

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