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. Last Updated: 07/27/2016

Odessa Refinery Sale




KIEV -- Ukraine will sell a 25 percent stake in the Odessa oil refinery through the stock exchange in March, the State Property Fund said Monday. The refinery's charter capital, defined as the number of shares multiplied by the face value of one share, is 2.201 million hryvnas ($395,000), the fund said. The company said last September it planned to boost its charter capital to 59.452 million hryvnas to reflect the recent re-evaluation of its major assets. A subsidiary of Russia's oil major LUKoil purchased a 51.9 percent stake in the company last April.