Through open tenders, two investment advisers have been selected for the nation’s first large scale privatizations.

Through open tenders, two investment advisers have been selected for the nation’s first large scale privatizations. The State Property Fund reports on its website that Concorde Capital will advise on the sale of two state-owned properties in Kyiv – the President Hotel and Indar, the insulin manufacturer. Pericles Global Advisory, a New York-based private investment and financial consultancy firm, will prepare the sale of Odesa Port Plant, a manufacturer of ammonia and urea. In coming weeks, tenders for advisors are to be held for 19 other privatizations with price tags over $10 million.