Starting price of Odesa Port-Side Chemical Plant may be reduced to $150 million

Starting price of Odesa Port-Side Chemical Plant may be reduced to $150 million

The reduction of the starting price of Odesa Port-Side Chemical Plant to $150 million would help to increase competition at a privatization tender and finally have the best price, Head of Ukraine's State Property Fund (SPF) Ihor Bilous has said. He said that the plant could be sold at the price more than $300-400 million.Bilous said that the final decision on the starting price would be made by the government. He said that the price would be set in the range of up to $260 million, as this is the highest value set for the plant without current debts.