The State Property Fund of Ukraine (SPFU) has launched a tender for the sale of the state's 73.37 percent stake in Makeevsk Coke-Chemical Plant.
The starting price of the stake in question amounts to UAH 46.725 million (approx $6.1 million according to the current exchange rate).
In line with the conditions of the tender, the income from Makeevsk Coke-Chemical Plant's production sales in the first year after the sale of the stake is to amount to about UAH 397 million, is to total around UAH 406 million in the second year, UAH 426 million in the third year, UAH 447 million in the fourth year, and UAH 470 million in the fifth year. Meanwhile, the net income during the first five years is to amount to UAH 1.5 million, UAH 3 million, UAH 3.2 million, UAH 3.4 million and UAH 3.6 million respectively.
Furthermore, the buyer must ensure stable deliveries of coking coal at a monthly average volume of not less than 90,000 mt, and must pay outstanding debts to creditors.
The tender is planned to be carried out 50 days after the official publication of the announcement.