The auction for the privatization of JSC “First Kyiv Machine-Building Plant” (Bilshovyk plant) was successfully completed with a winning bid of UAH 1 429 017 000.
In open competitive bidding, three participants competed for the ownership of this large privatization object, which increased the value of the object from the initial price of UAH 1.389 billion by
UAH 40 million.
Dmytro Sennychenko Chairman of the State Property Fund of Ukraine has congratulated the winner of the transparent bidding. The winner must complete the signing of all documents required by law.
“This auction is a real result of the course of transparent privatization. Now the privatization conditions come into force. These conditions guarantee the protection of the interests of employees and further development of the enterprise and all debts will be repaid. Investment in asset modernization is a clear requirement.” Dmytro Sennychenko said.
The first auction of the large-scale privatization since the sale of Kryvorizhstal in 2005 took place thanks to the transparent activity of the State Property Fund of Ukraine, which provided equal conditions for all potential investors. Everyone also had the opportunity to follow the auction live online.
Thus, on the place of a dilapidated enterprise, the investor has the opportunity to implement a successful business project that will provide investment in Ukraine’s economy, tax revenues and new jobs.
