The state property Fund explained narodau HMO

Фонд госимущества объяснил непродажу ОПЗ

HMO’s are unable to sell because of debts

The sale prevented the price of gas and debts of the enterprise, assure the SPF.

The lack of bids from potential buyers of the Odessa port plant became negative pricing environment in the markets of mineral fertilizers and gas, unprofitable activity of the enterprise and debts to Group DF of Dmitry Firtash. This is stated in the report of the state property Fund as a result of activities in 2016.

The report notes that the preparation of OPZ privatization was carried out with the assistance of advisors from the international investment Bank UBS and lawyers Ernst & Young and Baker & McKenzie. In the preparation of business for sale was established a “data Room” with almost 3 thousand documents, about 20 thousand pages of data, more than 10 financial and tax reports, negotiations were held with 27 international companies. Preliminary applications for participation in the competition gave company from the USA, Oman, Poland and Ukraine.

In addition, the state property Fund in its report pointed out the basic conditions that were necessary to implement for the successful privatization of AES in 2015 and 2016, and also responsible for their timely implementation.

In particular, it is noted that in 2015 the Verkhovna Rada with a delay of seven months has made the necessary amendments to the Law on privatization, and the Cabinet and the NBU has not settled the question of substitution of debt to Group DF belonging to the HMO. At the same time, according to a report from the SPF had resolved the issues of reducing the starting price of Bank guarantees in lieu of Deposit, and on the part of the NJSC Naftogaz of Ukraine has provided guarantees to the investor for the supply of gas to the SCR.Фонд госимущества объяснил непродажу ОПЗ

We will remind, earlier the head of the SPF said about the failure of the privatization of the Odessa port.
Source