The State Property Fund generated 38 million hryvnias at the weeks privatization auctions

From July 17 to July 21, the winning bids at privatization auctions held by the State Property Fund reached UAH 37.6 million. A total of 41 bidders took part in 8 auctions, while the competitiveness drove the price of assets up to 24 times the starting price.

This week's demand was mainly for real estate privatization. Assets included real estate in Lviv, Kirovohrad and Chernihiv regions, as well as administrative buildings in Rivne and Mykolaiv regions. 

The auction for a complex of buildings with greenhouses in Lviv region had the highest lot price and the largest number of bidders, with 15 participants vying for the property. The winning bid for the property was UAH 25 million. The value of the property increased by 11.7 times from the initial (book) price of UAH 2,000 as a result of the competitive bidding.

From July 31 to August 1, the State Property Fund plans to hold 16 privatization auctions. Investors are offered to buy Novosilkovsky distillery, Nihynsky quarry, state-owned stakes in JSC Smoly and JSC Ukrnaftoproduct, and Poltava Grain Processing Plant.

All funds from the privatization of state property are for the Defense Forces.

Follow the new proposals on privatization.gov.ua and the Privatization in Ukraine Telegram channel.