From thousands to millions: what the auctions of the State Property Fund of Ukraine showed
9 February 17:01
During the first week of February, the State Property Fund of Ukraine held six successful privatization auctions, raising UAH 59.4 million for the budget. The SPFU notes that the key factor behind this result was the high level of competition among participants.
The Fund’s press service reported this on Facebook, according to "Komersant Ukrainian".
How much and how they sold
The auctions took place in the Prozorro.Prozori system from February 2 to 6. A total of 25 participants took part in the bidding, and competition allowed the starting prices of the objects to be increased by 3.1 times.
The State Property Fund emphasizes that it was the active competition for the lots that determined the final result of the week.
The most expensive lot of the week
The sale of 93.4% of the state-owned stake in Kolomyia Agricultural Machinery Plant JSC in Ivano-Frankivsk region brought in the most revenue.
During the auction:
- the starting price was UAH 11.98 million;
- the final bid rose to UAH 42 million.
Separately, the winner must pay UAH 8.4 million in VAT, which increases the overall financial effect for the budget.
Sensational auction: from thousands to millions
Another remarkable result was recorded at the auction for the privatization of a complex of buildings and structures in the Dnipropetrovsk region.
Sixteen participants competed for the property, which allowed:
- raise the price from the starting price of UAH 25,400;
- to a final price of UAH 10.3 million.
The State Property Fund of Ukraine emphasizes that this is one of the most striking examples of how competition can radically change the value of assets.
New lots already this week
The State Property Fund reports that it plans to hold 25 online privatization auctions this week. Among the properties put up for sale are:
- the sole property complex of the state-owned enterprise Slavutsky Combine Budfarfor;
- the Nepolokovetsky Bread Products Plant;
- 93% stake in the trading house Eurotubplast LLC .
The fund expects investor interest to remain high and budget revenues to continue to grow.
