The State Property Fund of Ukraine held an auction to sell a 93% stake in the Kolomyia Agricultural Machinery Plant. This was reported by the Fund’s press service, according to Uaprom. PromPolitInform reports.
“The most expensive asset last week was the state-owned stake of 93.4363% in JSC Kolomyia Agricultural Machinery Plant in Ivano-Frankivsk Oblast,” the statement read.
Following the auction, which involved three bidders, the price rose from the starting price of UAH 11.98 million to the final price of UAH 42 million.
In addition, the buyer must pay an additional VAT of UAH 8.4 million. The total economic benefit from the privatization of the property could reach UAH 50.4 million.
After full payment of the lot price, including VAT, the new owner will receive the privatized asset for which they competed. The property includes 75 units of real estate (industrial, warehouse, administrative buildings and structures, etc.) and infrastructure (roads, fences, electricity, gas, water supply and drainage networks, etc.) with a total area of 81,776.8 m², located at two addresses, and eight vehicles and special equipment manufactured between 1986 and 1996.
The privatization conditions include: repayment of wage and budget arrears within six months and the prevention of employee dismissal.
