The State Property Fund of Ukraine (SPFU) has announced that its tender for the sale of the state's 73.37 percent stake in Makeevsk Coke-Chemical Plant is to be abandoned, due to the lack of applications from potential buyers.
As SteelOrbis previously reported, in the tender SPFU was offering 157.098 million shares for an overall starting price of UAH 46.725 million (approx $5.8 million according to the current exchange rate).
The tender was planned to be carried out around April 2, 2009.