State Property Fund sells Ukrbud for UAH 805M
That is according to the Fund's press service, Ukrinform reports.
"Today, an auction for the large-scale privatization of a 100% state-owned share package in JSC Construction Company Ukrbud was held. Five participants competed during the bidding, driving the lot price up from the starting UAH 262,646,000 to the final UAH 805,001,000," the statement reads.
The highest bid was made by LLC Petro Oil & Chemicals. According to the YouControl database, the company was registered in 2019 and is primarily engaged in the production of petroleum products.
Under the privatization terms, the new owner is required to, among other things, maintain Ukrbud's core business activity, settle all outstanding wage and tax debts within six months from the date of ownership transfer, and not dismiss any company employees on the initiative of the new owner or its authorized representative.
The State Property Fund noted that the company includes ten subsidiaries with a total balance sheet asset value of over UAH 255 million as of December 31, 2024. These include design institutes, training centers, and real estate in various Ukrainian cities, some of which are already leased out.
On September 6, 2024, the Cabinet of Ministers of Ukraine approved the inclusion of 100% of Ukrbud shares in the list of large-scale privatization assets. The company was transferred to the State Property Fund's management in January 2023.
Photo: privatization.gov.ua
