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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.
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.
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.
Over the last two years, sales of state property have brought the treasury $170 million, Kostiantyn Koshelenko, deputy chairman of the State Property Fund, said on Dom TV channel. Separately, Prime Minister Shmyhal said yesterday that a series of big sales this fall will bring in almost triple that amount -- $450 million.
Bontrup, a family-owned Dutch company, toured Bilhorod-Dnistrovsky port last week in advance of the government December privatization of the Black Sea port, reports Ports of Ukraine. The tour of the Odesa Oblast port was led by Franz Bontrup, founder of the multi-national. Bontrup Ukraine farms 22,000 hectares in Sumy and employs 300 Ukrainians.
Adnan Kivan, the Syrian-Ukrainian owner of KADORR Group, the big Odesa-based real estate developer, will participate in next month’s privatization auction for Kyiv’s Bolshevik’ machine building plant, reports the Ukrainian Information Service. On Oct. 27, the auction is to take place for one of Kyiv’s most valuable pieces of land plots available for development: 35-hectares on Kyiv’s Peremohy Avenue, next to Shuliavska Metro station. The starting price is $52 million for a site that could eventually draw $500 million in investment for residential and commercial real estate.
41 UKRAINE Country Report October 2021 www.intellinews.com