The cabinet has approved the terms for the sell-out of the Odesa Port Plant, the largest manufacturer of carbamide and ammonia in Ukraine and Europe.
The cabinet set the selling price for the 99.6% stake at UAH13.175 billion ($527 mn)
The completion to buy the plant will be valid only if two buyers take part in it. Buyers from Russia are not allowed.
The number of OCP personnel is 4,000. In addition to producing carbamide and ammonia, the plant provides reloading services to Ukrainian exporters using its pipelines.