First penal colony sold at auction in Ukraine

First penal colony sold at auction in Ukraine

Lviv Penal Colony No. 48 has been sold at an electronic auction for UAH 377.5 million, Ukrainian Justice Minister Denys Maliuska has said on Facebook.

"Today the first lot was sold at an auction - the property of Colony No. 48 (Khutorivka, 2). The starting price of the main object was 132 million 674 thousand 303 hryvnias 55 kopecks. The selling price after the auction was 377 million 500 thousand hryvnias. The price at the auction has increased by almost three times," Maliuska said.

According to him, seven bidders took part in the auction.

In August 2020, the Ukrainian Justice Ministry announced the mass sale of property of the penitentiary system. Irpin Correctional Center No. 132, Pivdenna Penal Colony No. 51 in Odesa and Lviv Penal Colony No. 48 were put up for electronic bidding.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2021 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: