Cash-strapped Ukraine offers ammonia plant in state fire sale

‘Monday is the deadline set for the sale of a majority stake in Ukraine’s biggest ammonia plant, Odesky Pryportovy Zavod (OPZ). It is part of Kiev’s plan to raise cash by selling state assets.
According to the State Property Fund, the Ukrainian government expects bids for a 99.567% stake in the enterprise with a starting price of 13.2 billion hryvnia ($532 million) by 6:00pm Kiev time on Monday.
The plant employs 3,800 workers and produced 1.1 million tons of ammonia and 950,000 tons of urea in 2015. The first attempt to sell OPZ was made in September 2008.’
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