Chemicals Privatization Thrice Annulled

The third attempted privatization in two years of Odessa Port Factory, one of Ukraine’s largest producers of ammonia and nitrogen fertilizers, was annulled after Prime Minister Yulia Timoshenko accused the bidders of collusion. The State Property Fund proceeded with the tender despite a decree by President Viktor Yushchenko and a Kiev court’s decision that the privatization should not take place. The Fund states that the President’s decree exceeded his jurisdiction, and that the Fund did not receive a required order implementing the court’s decision.

http://10.vedomosti.ru/newspaper/print/2009/09/30/215066