Page 40 - UKRRptOct21

Poltava region. The Online auction is scheduled to be held on October 22nd. The successful bidder will receive 25 real estate assets with a total area of 11,134.2 square meters. The distillery is also located on a land plot with an area of 2.04 hectares. The starting price of the privatization object is UAH 9.5 million ($356,000).
Dneprovsky Electric Locomotive Plant, a company that once produced locomotives with Germany’s Siemens, was transferred on September 15 to the ‘big privatization’ list by the Cabinet of Ministers. The plant has the capacity to build and repair electric locomotives. France’s Alstom and Switzerland’s Stadler are planning to assemble locomotives in Ukraine.
Rescheduled sale of former Firtash titanium plant attracts broad interest.18 domestic and international companies have expressed interest in buying the United Mining and Chemical Company (UMCC) – the largest titanium ore producer in Europe and the country’s most attractive asset so far – the State Property Fund reports. The starting price has been set at $125 million. Last month the sale had to be postponed because potential buyers complained they had not been given sufficient time to prepare the necessary documents. Foreign interest has come from companies in the US, India, Japan, Australia, Estonia, Turkey, the UAE, Britain, and Hong Kong.
Starting price of almost UAH 1.4 bln proposed for Bishovyk plant. The Auction Commission for the privatization of the First Kyiv Machine-Building Plant (formerly Bishovyk), has proposed a starting price of UAH 1.398 billion, the Head of the State Property Fund (SPF) Dmytro Sennychenko has revealed. He acknowledged that "The privatization of the Bishovyk plant is a chance for a second life for this enterprise, which is more than UAH 500 million in debt.” Investments of more than UAH 57 million will be needed for repair and modernization.
Turboatom with Electrotyazhmash to be put up for sale. The Cabinet of Ministers has now included Turboatom, more than 75.22% of which is state-owned, in the list of objects for privatization. The state-owned Electrotyazhmash Plant will be joined to it. Both are based in Kharkiv. Turboatom, which the government excluded from privatization in January 2019 is to be renamed Ukrainian Power Machines. It’s the only Ukrainian manufacturer of turbine equipment for hydro, thermal and nuclear power plants. Electrotyazhmash, specializes in the production of powerful hydro generators, turbine generators for thermal power plants and nuclear power plants, electric motors for drives of rolling mills, mine hoists, traction electrical equipment for railway and urban transport.
Over the two years of the "Great Privatization" and the "Small Privatization", the budget of Ukraine received a boost in revenue valued at UAH4.5bn ($165mn). Speaking with TV channel DOM, the Deputy Chairman of the State Property Fund of Ukraine, Kostiantyn Koshelenko announced. Legislatively, privatization is divided into large and small. "Large-scale privatization" relates to assets with a starting price of UAH250mn ($9.2mn), and "Small-scale privatization" refers to assets with a starting price below UAH250mn ($9.2mn). This year only within the framework of "Small privatization" auctions were held to sell over UAH2bn ($74mn) of government-owned assets. Such auctions take place in every oblast, in every city, in particular in Donetsk and Luhansk oblasts, "Koshelenko said.
40 UKRAINE Country Report October 2021 www.intellinews.com