State earns over UAH 8.9 billion from major privatisation: Ministry of Economy, Environment and Agriculture
In 2024, electronic auctions for the sale of major privatisation assets were resumed on the Prozorro.Sales system. Over the first year of online auctions for major privatisation, the state received UAH 8.9 billion, resulting from the sale of four assets.
Privatisation remains a priority for the Government, aiming to reduce the state’s share in the economy and find new, effective owners for assets willing to invest in their development.
“The launch of major privatisation through electronic auctions has opened up opportunities for new investments essential for the country’s reconstruction. The sale of these assets has brought UAH 8.9 billion into the state budget, while the enterprises have gained a chance for a new lease of life. Motivated owners are keen to restore and expand production, improve its efficiency, boost exports, and create new jobs,” said Daryna Marchak, Deputy Minister of Economy, Environment and Agriculture.
The first lot sold under major privatisation was the Ukraine hotel in Kyiv. Three bidders competed, driving the asset’s value from UAH 1 billion to over UAH 2.5 billion.
The auction for the United Mining and Chemical Company resulted in the asset being sold for over UAH 3.9 billion.
Among the successfully sold lots were two sanctioned assets. The aerated concrete plant Aerok attracted three competitors, nearly doubling the price to almost UAH 1.9 billion. The price for Vinnytsiapobutkhim also doubled, with two bidders pushing the final value to over UAH 608.1 million. Proceeds from the sale of sanctioned assets were directed to the Fund for Liquidating the Consequences of Armed Aggression.
As of 18 September, two auctions for major privatisation with a combined starting value of nearly UAH 4.8 billion have been announced on the system.
Anyone, except those linked to the aggressor country, may bid for the right to purchase the Odesa Port Plant and the sanctioned asset Motordetal-Konotop.