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Ukraine schedules Odesa Portside sale for December

Ukraine’s State Property Fund published on Oct. 11 its updated privatization schedule for the remainder of 2017, which continues to include its 99.57% stake in nitrogen fertilizer producer Odesa Portside Plant, slated for sale in December. Ukraine has made two attempts to sell the stake in the last year, in July and December, with both failing. The privatization of Odesa Portside is among Ukraine’s commitments to the IMF.


No other companies from the IMF's recommended list (power GenCo Centrenergo, regional power distribution companies, power engineering firm Turboatom) are in the Fund’s privatization list for 2017.


Alexander Paraschiy: To succeed in the privatization of Odesa Portside, the government still needs to address its key issue, which is its large debt owed to the companies of Dmytro Firtash (more than USD 250 mln). So far, we see little chance for success this year.

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