State Property Fund to sell Odesa Port Plant

The State Property Fund of Ukraine launched preparation to sell 94,57% of shares of Odesa Port Plant PJSC.

This is announced in Vidomosti Pryvatyzatsii newspaper, Censor.NET reports citing Interfax-Ukraine.

Moreover, the fund began preparation to sell 94.99% of shares of Odesa TPP PJSC and 94.83% of Kherson TPP PJSC.

Read more: Tsentrenergo and Odesa Port Plant privatization competitions to be held at the end of 2015, - Bilous

As reported, the sale of OPP is scheduled for November.

State-owned OPP produces chemical products and tranships ammonia. In 2014, the company reduced its net loss by 4.2 times - up to 270.473 million hryvnias (about $12.253 million) having increased the net income by 10.7% - up to 5.428 billion hryvnias (about $245.905 million).

Read more: Yatseniuk wants Tsentrenergo PJSC to be privatized by nonresident