The court suspended the sale of the Odessa port plant on the suit Dniproazot

Written by admin on September 22nd, 2009

Kyiv District Administrative Court suspended the tender for the sale of the Odessa port plant (IPF, Odessa Oblast) on the suit, a major producer of mineral fertilizer company DneprAzot (Dnepropetrovsk). Told counsel DneprAzot Alexei Nizhnik.

According to him, on Tuesday a court in support of a previously filed DneprAzot action suspended announcement of State Property Fund of the competition, forbade the SPF and the tender committee to hold the competition on sale of IPF, and allow the company Nitrogen-Service for the contest before the court decision on this case in fact.

In the suit, DneprAzot seeks repeal approve the terms of the competition on sale of SCR the Cabinet of Ministers № 261-r dated February 11, 2008, and the decision to hold FGI Sept. 29 competition on sale of the plant.

The company argues the claim that in the preparation of IPF was allowed to sell a number of violations of the law (in environmental impact assessment, publications reporting enterprise, the study of the demand for it), in addition, an application for participation in the contest gave the company Nitrogen-Service More than 25% in the authorized capital of which is controlled by a foreign state, which, according to Nizhnik, also contrary to law.

Also, according to counsel enshrined in the rules of the competition requirements to potential buyers (to ensure certain finpokazateley and volume of downloads of its capacity) not feasible in current market situation (a fall in prices for fertilizers in the world market and the rising cost of natural gas).

next meeting on this case, the court appointed on October 7.

As earlier reported, in July, MFI announced a competition on sale of 99.567% of IPF; starting price of shares is 4 billion hryvnia, a competition scheduled for September 29.

17 September, President Viktor Yushchenko suspended the privatization of the IPF, in addition, the District Administrative Court of Kyiv on the same day in support of the claim a major producer of fertilizers Cherkassy Azot also suspended the sale of the company.

September 21 Azot withdrew his claim.

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