Five participants competed in the auction for the Kyiv-based research facility
The State Property Fund of Ukraine has sold over 94% of shares in JSC Research Institute of Electromechanical Devices in Kyiv at an auction. The final price of the asset tripled compared to the starting bid. This is reported by the portal PromPolitInform, citing information from the State Property Fund of Ukraine.
As part of the privatization process, the state offered for sale a share package representing 94.4431% of the company’s authorized capital. Following online bidding conducted through the Prozorro.Sale system, the winning bidder agreed to pay 333.7 million UAH.
Value growth during bidding
The asset attracted significant competition, allowing for a substantial increase in budget revenues. While the starting price of the lot was 109.1 million UAH, the rivalry between five participants drove the final figure up three times.
Property and production complex
The enterprise is located in Kyiv at 27 Akademika Krymskoho Street. It occupies a land plot of 6.36 hectares, hosting over 46,000 square meters of real estate.
The property complex includes various structures such as administrative and production buildings, a foundry, a machine shop, warehouses, and a boiler house. The institute’s core activities focus on scientific research and the development of specialized electromechanical devices.
Transaction completion
Under privatization regulations, the new owner must pay the full amount within 20 business days from the creation of the auction protocol. Upon signing the purchase agreement and transferring the shares to the buyer’s securities account at a depository institution, the ownership rights will be formally transferred.
Photo from the web
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