UAH 20 million - the result of small-scale privatization auctions on March 12

Yesterday, March 12, five online auctions for small-scale privatization took place. A total of 43 bidders competed for the ownership of the assets. From the announced total value of the assets of UAH 10.8 million, the final value increased to UAH 20.58 million excluding VAT.

Among the objects of privatization: Property Complex of SOE  "Research Plant of the Institute of Pulse Processes and Technologies of the National Academy of Sciences of Ukraine", a health center, a car wash and cars. The map of the lots' locations is also diverse: Sumy, Volyn, Mykolaiv and Kyiv.

"Given the result of yesterday's auctions, even small facilities are in demand and their prices are increasing significantly. For example, the cost of a car wash in Sumy increased more than 57 times. The increase in the value of the objects is a clear confirmation of the self-regulation of the real estate market and debunking the myth of selling state property at reduced prices during the war," Vitaliy Koval summarized.

The Chairman of the State Property Fund also emphasized that today the state is giving way to private business. UAH 1 of privatization proceeds brings UAH 4 of private investment. The SPFU's investment portfolio includes objects for both large and small businesses in different regions of the country.

For reference.From March 4 to March 8, the State Property Fund held 15 successful online privatization auctions in the Prozorro.Sale system for a total of UAH 29.86 million. A total of 86 bidders competed for the ownership of the assets. The price of the assets increased by 5.1 times.