Authorities are looking for an investor for Kyiv prosthetics company

13 February 2024 12:56

The State Property Fund has put Kyiv Prosthetic and Orthopedic Enterprise up for auction with a starting price of UAH 31.3 million, according to

The company is actively engaged in business activities, but unfortunately, it is inefficient and requires financial support in the form of investments. The fund notes that prosthetic enterprises are important in times of war, when demand for increased production and the introduction of new technologies is growing. Therefore, such enterprises need a strategic investor for further development.

The single property complex includes medical and production facilities in Kyiv, as well as prosthetic and orthopaedic workshops in Chernihiv and Cherkasy.

The starting price of the enterprise at the auction is UAH 31.3 million. Additionally, according to the bidding terms, the new owner must pay off the company’s debt of UAH 34.4 million.

The auction is scheduled for 29 February.

What the new owner will get

The property includes 20 registered units of real estate and infrastructure (medical, administrative and production buildings, production buildings, garages, etc.) with a total area of 12216.6 sq. m., located at the following addresses:

м. Kyiv, 4 Frolivska St.; 6/8;
Chernihiv region, Chernihiv, Lyubetska str. 9;
Cherkasy region, 84, I. Franko str.

Land plots: 3 land plots with a total area of 1.2298 ha.

Vehicles: 13 units of vehicles.

Movable property: 735 items (equipment, furniture, inventory, computer and office equipment, etc.)

Terms of sale

The main condition for the auction is that the company’s business profile must be maintained for at least 10 years. According to the Charter, the main activity is the production of medical and dental instruments and materials.

The winner also has no right to dismiss employees during the first six months after the transfer of ownership.

The Fund has already notified the enterprises engaged in the production of prostheses of the auction, giving all industry players the opportunity to participate in the bidding. In addition, foreign investors active in this sector have also expressed interest in privatising the facility.

To participate in the auction, bidders must make a deposit of UAH 6.3 million. Applications will be accepted until 28 February 2024.

More information about the auction is available at https://is.gd/PdPSwv