Investment Sector: Chemicals & Pharma

Chemical production & Pharmaceuticals, Agrochemicals, Artificial Food Additives

14Oct/09

Odessa Portside Plant Privatization

odessa_portside_plant_ukraineOdessa Port-side Plant was not privatized on the September 29 despite the open tender which took place on the day as originally scheduled by the Ukrainian Cabinet of Ministers headed by Yuliya Tymoshenko. The State Property Fund of Ukraine declared the tender results void. Mrs Tymoshenko confirmed that the bidders did not adhere to the rules of the game and kept the bidding price as low as UAH 5 billion (around USD 600,000 million) having moved 1 billion above the original asking price of UAH 4 billion. Continue reading