Dachex Shipping Pte. Ltd, based in Singapore, became the winner of the third stage of a procedure for selecting the "client" for processing the customer-supplied raw materials for JSC Odesa Portside Plant.

The Singaporean company offered the best additional conditions for the cooperation, namely: the conclusion of a financing agreement (interest-free loan) for up to $20 million for a period of two years.

As reported, on April 19, 2021, Odesa Portside chemical Plant suspended the procedure for selecting a “client” at the claim of the trader United Energy LLC, part of the Privat Group. At the same time, the plant said that it would appeal this court ruling in order to return to making a decision on the winner of the selection procedure or holding the third stage: negotiations.

First Deputy Head of the State Property Fund of Ukraine (SPF) Denys Kudin announced that the other day the court sided with the enterprise. Before receiving a court verdict on a pause in the competition, the Plant held an electronic tender for the tolling processing of raw materials and shipment of products that day, in which ten companies took part.

According to the protocol of the exchange, all 10 participants in the auction offered the lowest possible “zero” coefficient of limit, which is part of the formula for calculating the “additional remuneration”. Accordingly, at the next stage, the plant shall negotiate with all bidders to determine the winner.