Ukraine again failed the first deal the “big privatization”


The Ukrainian authorities failed to find buyers for a package of 99, 567% shares of Odessa portside plant (OPZ), the sale of which was to be the beginning of “big privatization”, which is from Kiev required by lenders in the face of International monetary Fund (IMF). The deadline for the submission of applications for participation in the contest has expired on the evening of 6 December, however, as reported on Wednesday, the state property Fund of Ukraine (SPF), no offers from investors received.

In previous times the trades tried to hold July 18, 2016, but then they also failed because of the complete lack of applications. After that, the SPF is more than twice lowered the starting price of shares — 13,175 billion ($522 million) to 5.16 billion ($202.5 million).

In the message, the SPF noted that potential buyers, including foreign companies, had previously indicated an interest in the transaction, and some even signed the confidentiality agreement, but filings are not filed. “I hope that we will receive explanations from potential buyers on the reasons for their refusal to participate in the competition”, — said the head of the state property Fund Igor Bilous, quoted by the press service of the Ministry.

Key factors in the failure of the competition Bilous called the HMO losses and rising debts of the enterprise against the background of continued high natural gas prices and negative pricing environment on the world markets of mineral fertilizers and the lack of prospects of its growth.

Previously, the UNIAN news Agency reported the rejection of the struggle for the OPP, controlled by Igor Kolomoisky company “Ukrnefteburenie”, which reproached the SPF in the lack of willingness to help potential buyers.

According to the approved in may 2016 the government of Ukraine conditions, the auction can take place only if the desire to compete for the HMO will Express at least two investors, including one foreign.

The President of Ukraine Petro Poroshenko called the privatization of one of the main tasks of the government, Vladimir Groisman, who was replaced as Prime Minister Arseniy Yatsenyuk.

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