Tenders are out for advisors for six of 23 major state company privatizations approved by the government for this year.

Tenders are out for advisors for six of 23 major state company privatizations approved by the government for this year. The flat fee for advising is no more than 0.5% of an enterprise’s assets. In case of the sale, the commission is up to 2% of the value of the sold asset, according to the State Property Fund. Of the 23 state companies, only one advisor has been selected – Ernst & Young for Centrenergo. Tender deadlines range from July 20 to 30. The companies are: Kyiv’s President Hotel; Odesa Port-Side Chemical Plant; United Mining and Chemical Company; Kyiv’s Indar; Krasnolymanska Coal Mining Company in Donetsk region; and Electrotyazhmash Plant in Kharkiv.