The Cabinet approved the reduction of the starting price of IPF and instructed the state property Fund to hold discussions with the factions

Кабмин одобрил снижение стартовой цены ОПЗ и поручил ФГИУ провести дискуссии с фракциями

The Cabinet has approved the state property Fund (SPF) changes in the methodology for the evaluation of privatized objects, which will reduce the starting price of Odessa portside plant (OPZ). The decision was taken at the Cabinet meeting broadcast by the official channel of the government on Youtube.

“I believe that we should allow the SPF to put on such initial price, which will attract more people. And then how the government will approve,” – said Groisman.

The Minister of internal Affairs Arsen Avakov asked to defer action, because the faction “people’s front” have doubts. “We have a coalition government,” – reminded the Minister.

At the same time, the Prime Minister insisted on the adoption of a positive decision, but instructed the state property Fund to hold public discussion with fractions and justify the new asking price.

The SCR performs the overload of chemical products from CIS countries for export. Takes 3rd place in Ukraine for the production of nitrogen fertilizers and is the largest state asset, while put up for sale. July 18 was the deadline for submitting applications for the competition for the sale of the plant. The competition has not come a single application, so the state property Fund recognized the tender void. After that, the Prime Minister of Ukraine Volodymyr Groysman announced the intention to put the SCR on the re-auction. During the first auction the state property Fund of Ukraine offered for the starting price of 99, 567% IPF – 13,175 billion.

Also recall that the anti-corruption Prosecutor’s office is investigating the case against the top management of the SCR. Was detained the Deputy Director of the SCR Nicholas Surikov, Chairman of the Supervisory Board of the SCR and the first Deputy Chairman of “Naftogaz of Ukraine” Sergey Fracture. During a pretrial investigation it is established that in may 2015, the first Deputy Chairman of the Board NAK “Naftogaz Ukraine” appeared intent regarding embezzlement of funds of the society in favor of JSC “Ukrnafta”, where 50+1% is owned by private shareholders.