Large-scale privatization: government approves starting prices and terms of sale for three strategic assets

The Cabinet of Ministers of Ukraine has adopted important decisions necessary for the sale of three key assets as part of the large-scale privatization program:

JSC “Odesa Port Plant”

The starting price for the state-owned stake is over UAH 4.3 billion. One of the conditions is that the future investor must invest at least UAH 500 million in modernizing the enterprise and improving its energy efficiency, which will help restore operations at one of Ukraine’s largest chemical plants.

Demurinsky Mining and Processing Plant LLC

Sanctioned asset. Starting price: UAH 1.82 billion. Proceeds from the sale will go to the Fund for Eliminating the Consequences of Armed Aggression to support Ukraine’s recovery.

MotorDetal-Konotop LLC

Sanctioned asset. Starting price: UAH 415.5 million. Proceeds from the privatization will also be directed to the Fund for Eliminating the Consequences of Armed Aggression and used for the reconstruction of Ukraine.

All of these assets will be offered in transparent and fair online auctions. Auction dates will be determined at meetings of the auction commissions in the near future. 

Stay tuned for updates!