Ukraine will sell a 78 percent stake in shipbuilding company Okean in an auction on September 11, the State Property Fund said
. The stake in the company, located in Mykolayiv in southern Ukraine, is being offered to investors at a starting price of $4.8 million, the fund said.
The winner of the tender would have to preserve Okean's specialization as ship-builder, pay off its debts to the budget of $459,660 and cover salary arrears of $1 million.
The charter capital of the company, defined as the number of shares multiplied by the face value of one share, is $704,199. In the first half of this year Okean
had a pre-tax loss of $606,751. Last year the company had a pre-tax loss of $9.6 million.