KYIV, September 20 – Ukraine will sell a five percent stake in the country’s only alumina producer, Mykolayivsky Hlynozemny Zavod, on the Kiev International Stock Exchange on October 26, the State Property Fund said on Wednesday.
The Fund, which has already sold 75 percent of the plant, plans to split the remaining 25 percent state stake and sell it in two 10 percent stakes and one five percent stake.
Olexander Bondar, head of the fund, had said that would allow it to attract more portfolio investors to the sale.
A Ukrainian firm linked to Russia’s Sibirsky Aluminium purchased 30 percent of the plant, located in southern Ukraine, for $101 million in March. Sibirsky Aluminium had said it already owned 36 percent of the alumina plant.
