Oslo-Yara International ASA, through a subsidiary, on Sept. 11 applied to the State Property Fund of Ukraine (SPFU) to receive documents for the tender announced by SPFU for the privatization of the Odessa Port Plant (OPP), to be held Sept. 29. Yara filed this application as a member of a consortium of Kulczyk Holding SA, representing a privately-owned investment group, and the Libyan Investment Authority (LIA), an investment fund 100 percent owned by the Libyan government. The filing is only to pre-qualify the consortium for possible participation in the tender and implies no binding obligations on any of the parties to the consortium. Should the consortium decide to participate in the tender, Yara will hold a minority position in the possible buyer of OPP. OPP owns and operates two ammonia and two urea plants in Ukraine, with combined annual capacities of approximately 1.1 million mt of ammonia and 0.9 million mt of urea. In addition, OPP owns and operates a major terminal for ammonia and urea, exporting products produced by other Ukrainian plants, as well as by some Russian plants.
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