The SPFU successfully held auctions in the Prozorro.Sale system for the privatization of the Zakupnyansky Quarry and Vinnytsia Institute of Land Management for more than UAH 100 million

On February 23, 2024, the State Property Fund held online auctions for the privatization of the Property complex of SOE of the Vinnytsia Research and Design Institute of Land Management and the Property complex of SOE of the Zakupnyansky Quarry in the Prozorro.Sale electronic trading system.

Following the privatization auctions, the state budget will receive UAH 106.6 million after the conclusion of the agreements.

The initial sale price ofVinnytsia Research and Design Institute of Land Managementstarted at UAH 15.6 million. Eight bidders competed for the asset. The result was a 3.5-fold increase in the value of the lot to UAH 54.6 million. The company's property is located in Vinnytsia, Chernivtsi, Khmelnytskyi and the region. The company is engaged in research and experimental development in the field of other natural and technical sciences. The winner of the auction will have to pay off the company's debts of almost UAH 5.4 million in addition to the amount determined by the bidding results.

The starting price of the Zakupnyansky quarryin Khmelnytsky region was over UAH 15.8 million. The winning bids at the privatization auction totaled UAH 52 million. Five potential buyers competed for the state-owned asset, and its value increased 3.5 times. The main activity of the enterprise is the extraction of decorative and building stone, limestone, gypsum, chalk and clay shale. The state-owned enterprise has a debt of almost UAH 5 million, which must be paid by the successful bidder.

The winning bidders have 20 business days after the auction to pay the price of the lots. The sale and purchase agreement will be signed after the funds are transferred to the state budget.

"The proceeds from the sale of state property replenish the state treasury, which finances our Defense Forces. This is the country's internal reserve, which the state uses to bring victory closer," said Vitaliy Koval, Chairman of the SPFU, commenting on the results of the auctions.

This year, the state and local budgets received over UAH 380 thousand from small-scale privatization. The sale of state-owned facilities brought in over UAH 200 thousand, and the sale of municipal enterprises - over UAH 180 thousand.

As of the end of February 2024, almost a hundred auctions for the privatization of state and municipal property were announced in the electronic trading system Prozorro.Sale. The starting value of the assets exceeds UAH 250 thousand.

Anyone interested can take part in the auction after registering on one of the accredited platformsin the system.

For reference:

The State Property Fund of Ukraine has been selling small-scale privatization objects through online auctions on the Prozorro.Sale platform since 2018. These are assets with a book value of up to UAH 250 million. Using the state electronic trading system, you can familiarize yourself with the assets that the SPFU puts up for online auctions. "Prozorro.Sale guarantees the security of the bidding process, excludes any interference in this process, ensures equal access to auctions for each potential buyer, and provides an opportunity to monitor online auctions and their results in real