October 27 - the Auction Commission approved the date of privatization of JSC «FKMBP» (plant «Bilshovyk» )

On September 7, 2021, the Auction Commission at its meeting took decision on approval October 27, 2021 as the date of the auction for the privatization of 100% of the shares of JSC «First Kyiv Machine-Building Plant» (former plant «Bilshovyk»).

According to Dmytro Sennychenko Chairman of the State Property Fund of Ukraine, this auction will be an important step in attracting large-scale investments in Ukraine’s economy through privatization.

«Transparent privatization will not only relieve the burden on the budget, but also attract real investment and create conditions for maintaining and modernizing production that has potential. Privatization benefits everyone - both employees who are in arrears of wages, and Kyiv city - which receives integrated development projects instead of the abandoned territory, and the State Budget in the form of debt repayment of UAH 500 million and billions in privatization proceeds,» said Dmytro Sennychenko.

Representatives of the State Property Fund of Ukraine, JSC «FKMBP», Kyiv City Council (Kyiv City State Administration), the Ministry of Economy of Ukraine, the Security Service of Ukraine, the State Bureau of Investigation, the National Police of Ukraine and the privatization advisor - KPMG-Ukraine Ltd., attended the commission meeting.

The starting price of 100% of the shares of FKMBP (former plant «Bilshovyk») is UAH 1.39 billion.

Earlier, on September 1, 2021, the Cabinet of Ministers of Ukraine adopted an order «On Approval of the Terms of Sale of the State Block of Shares of the Joint-Stock Company «First Kyiv Machine-Building Plant» at an auction with conditions».

JSC «FKMBP» was prepared with the involvement of the privatization advisor KPMG-Ukraine Ltd. - a leading international auditing company from the Big Four, which is currently working to attract potential investors.