Large-scale privatization: OPZ to be put up for an open electronic auction with a starting price of over UAH 4.3 billion
Kyiv • UNN
The Cabinet of Ministers approved the terms of privatization of the Odesa Portside Plant with a starting price of over UAH 4.3 billion. It was also decided to sell the assets of the Demurynsky Mining and Processing Plant and Motordetal-Konotop through online auctions.
Today, at a Government meeting, the conditions for the privatization of the Odesa Portside Plant were approved, as well as the sale of two sanctioned assets — LLC "Demurinsky Mining and Processing Plant" and LLC "Motordetal-Konotop". This was reported by Yulia Svyrydenko, whom the Verkhovna Rada dismissed today, reports UNN.
The state-owned stake in OPP will be put up for an open electronic auction with a starting price of over UAH 4.3 billion. The goal is to attract a strategic investor who will restore full operation of one of Ukraine's largest chemical complexes. Among the key conditions for the buyer are investing at least UAH 500 million in modernization and improving production energy efficiency, as well as maintaining the enterprise's main activities
Also, according to her, the conditions for the sale of sanctioned assets of LLC "Demurinsky MPP" with a starting price of UAH 1.82 billion and LLC "Motordetal-Konotop" — UAH 415.5 million were approved. The proceeds from their sale will be directed to the Fund for Elimination of the Consequences of Armed Aggression and used for the restoration of Ukraine.
All three assets will be sold through open online auctions in the Prozorro.Sales system.
The sale will allow restoring the full operation of enterprises, modernizing production, and expanding the export capabilities of Ukrainian industry