At its meeting, the Cabinet of Ministers approved the privatization terms for the Odesa Port Plant, as well as the sale of two sanctioned assets: the Demurinsky Mining and Processing Plant and Motordetal-Konotop LLC.
According to Ukrinform, First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko announced the decision on Facebook.
She said that the state's shareholding in the Odesa Port Plant would be offered through an open electronic auction with a starting price of more than UAH 4.3 billion. The goal is to attract a strategic investor capable of restoring the full operation of one of Ukraine's largest chemical production complexes.
"Among the key requirements for the buyer are investing at least UAH 500 million in modernization and improving the plant's energy efficiency, as well as preserving its core business activities," Svyrydenko emphasized.
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