“Energostal is back on the market: The State Property Fund put the company up for UAH 5.2 million after the first auction failed
3 September 15:08
The State Property Fund of Ukraine will try for the second time to sell the complex of buildings of the state enterprise Ukrainian Scientific and Technical Center of the Metallurgical Industry Energostal, located on Nauky Avenue in Kharkiv. The new auction is scheduled for September 5, 2025, KHARKIV Today reports , "Komersant Ukrainian".
Why the first auction failed
The first auction took place in early August. The starting price of the lot was just over UAH 10 million, but the situation quickly turned scandalous. Two Kharkiv-based companies – Sanders Loft LLC and DAS 2015 LLC – raised the price to an abnormally high UAH 600 million within five minutes.
However, both companies later refused to recognize the results of the auction and sign the protocol, effectively disrupting the privatization. Journalists found that there may have been ties between these entities, which raised suspicions of deliberate blocking of the sale.
A new attempt at a discount
Now Energostal has been put up for auction for the second time, but at a much lower price – UAH 5.2 million. The State Property Fund assured that the companies that had disrupted the previous auction would not be allowed to participate this time.
The agency noted that it expects a “third player” to appear. In particular, this refers to Kyiv-based SKTB Corporation Ukrinmash LLC, which offered UAH 200 million during the first auction.
Why it is important
“Energostal is a former scientific and technical center of the metallurgical industry that owns a significant property complex in Kharkiv. Its privatization could be an important step in attracting investment and rebuilding the region’s industrial infrastructure.
