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