Three firms have submitted bids to buy the Kryvorizhstal plant in central Ukraine. The opening of their bids will be broadcast today by Ukrainian television.
The starting price is $2 billion although the government of President Viktor Yushchenko is hoping the sale will bring in half as much again.
In 2004, Kryvorizhstal was sold for $800 million to a group of industrialists with close ties to former President Leonid Kuchma.
Yushchenko called it "theft" and court rulings struck down the sale.
Ukrainian analysts said the Industrial Group -- led by France's Arcelor -- is favored by the Yushchenko administration.
(Reuters)
The starting price is $2 billion although the government of President Viktor Yushchenko is hoping the sale will bring in half as much again.
In 2004, Kryvorizhstal was sold for $800 million to a group of industrialists with close ties to former President Leonid Kuchma.
Yushchenko called it "theft" and court rulings struck down the sale.
Ukrainian analysts said the Industrial Group -- led by France's Arcelor -- is favored by the Yushchenko administration.
(Reuters)
