The privatization auction of the Odesa Port Plant did not take place due to the lack of participants

The privatization auction of the Odesa Port Plant did not take place due to the lack of participants


The auction for the sale of 99.5667% of the shares of the Odesa Port Plant, scheduled for October 19, did not take place due to the lack of participants.

This is evidenced by the data of Prozorro.Sales.  

The auction was supposed to start on October 19 at 12:10. The acceptance of applications ended the day before, on October 18 at 20:00.

A state package of 99.5667% of the authorized capital of JSC “Odesa Port Plant”, which is 795,083,903 shares, was put up for sale. The starting price of the lot was UAH 4.308 billion excluding VAT.

The auction was organized by the State Property Fund of Ukraine. The auction was supposed to be held in the format of a three-round English auction.

According to the system, as of the time of the auction, the auction received the status “not held”.

USM previously reported that the future owner of the OPP will not be obligated to repay the company’s debts.