UAH 42.5 million generated in one week: market competition continues to maximize state asset value!

Last week, the State Property Fund of Ukraine successfully executed 11 privatization auctions through the “Prozorro.Sales” electronic trading platform.

A total of 39 bidders participated in the acquisition of state-owned assets. As a direct result of robust market competition, projected revenues allocated to the State Budget amount to UAH 42.5 million.

The most expensive lot of the week became 24/100 shares of the building of a consumer services center with a total area of 504.5 m2 in the Ivano-Frankivsk region. Competition between six participants ensured the growth of the object's value from the starting 5.39 million UAH to 17 million UAH.

The second by value became a hunting house of 218.0 m2 in the Zhytomyr region. Nine participants during the auction increased the value from the starting 83.1 thousand UAH to 12 million UAH, which is almost 144 times more than the initial price. 

 The State Property Fund plans to hold another 47 online privatization auctions this week.

Investors can expect a wide selection of properties for small and medium-sized businesses across Ukraine: administrative and non-residential premises, veterinary hospitals, unfinished construction projects, and other state assets that can serve as a foundation for developing new businesses.

Each privatization auction contributes to the effective management of state property, investment in the economy, and additional revenue for Ukraine’s state budget. 

 More information about privatization assets: http://privatization.gov.ua