The state-owned enterprise was put up for sale for 1.005 billion hryvnias
The State Property Fund of Ukraine failed to find an investor to acquire the Sumykhimprom plant. The auction within the resumed large privatization ended without a result. This was reported by Liga.Business citing LIGA.net, according to the portal PromPolitInform.
The process of selling state property after a long pause has again faced difficulties at the very first stage. The initial value of the enterprise was set at 1.005 billion hryvnias.
Features of the asset
Experts characterize this asset as a complex object with a heavy background. Not a single participant ready to offer the stated amount registered for the auction.
The start of large privatization did not bring the expected budget revenues due to a lack of demand. Further steps by the agency regarding the fate of this production complex are currently being specified.
Illustrative photo: IgorTurzh / CC BY-SA 4.0
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