Prozorro.Sale has fully completed the process of corporatization

According to Ukrinform, this was reported by the press service of the Ministry of Economy.

The newly created joint-stock company Prozorro.Sale is the legal successor to all rights and obligations of the state-owned enterprise Prozorro.Sale.

"The corporate governance reform is in line with the OECD recommendations on the management of state-owned companies. It aims to create modern mechanisms for professional management of state-owned companies in the interests of Ukrainian citizens, as well as to help ensure macroeconomic stability and attract investment," said Yulia Svyrydenko, Vice Prime Minister of Ukraine and Minister of Economy.

The Ministry of Economy notes that corporatization is being carried out to better manage state property and is aimed at increasing transparency within companies.

For those who have been working in the Prozorro.Sale system, there will be no changes in their work. Bidding organizers wishing to sell or lease property or assets at online auctions and those wishing to participate in them can register as usual on one of the accredited platforms of the Prozorro.Sale system.

From now on, the governing bodies of JSC Prozorro.Sale will consist of the Supervisory Board and the Management Board. The Supervisory Board of the joint-stock company is headed by Ilya Mikhailov as a representative of the state. The board also includes a representative of the state, Natalia Boyko, and two independent members, Nadiya Vasylieva and Dmytro Krepak.

As reported, since February 24, online auctions in the state electronic trading system Prozorro.Sale have helped fill budgets of various levels with more than UAH 10 billion. During this period, more than 18,000 successful online auctions for the sale of public assets were held.

The most profitable auctions were those for the sale of assets of bankrupt banks announced by the Deposit Guarantee Fund (DGF). These auctions brought in UAH 2.7 billion. Small-scale privatization of state and municipal property brought UAH 2 billion to the budget. Online land auctions were also successful, helping to raise almost UAH 1 billion during the war.