Ukraine's property fund puts 210 small-scale privatization facilities up for sale

Most of the facilities are located in Vinnytsia, Poltava and Lviv regions.

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Acting head of the State Property Fund (SPF) of Ukraine Vitaliy Trubarov says the SPF has put 210 small-scale privatization facilities with a total starting price exceeding UAH 113 million (US$4 million) up for sale at auctions.

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"From the date when the sale was announced, a potential buyer has 30-35 days to file documents, pay a guarantee fee, and get acquainted with the proposed facility, its technical condition or financial reporting," he wrote on Facebook on August 27.

According to Trubarov, most of the facilities are located in Vinnytsia, Poltava and Lviv regions. However, the most expensive lots come from industry-oriented Zaporizhia region.

The official added that almost 200 auctions to sell small-scale companies are scheduled for September.

As UNIAN reported earlier, on March 28, the State Property Fund of Ukraine approved the list of almost 660 small-scale privatization facilities that are subject to sale in 2018.

Ukraine's Cabinet of Ministers on May 10 adopted a package of resolutions aimed at launching the sale of small-scale privatization facilities in Ukraine.

The State Property Fund on August 10 announced auctions to sell 147 small-scale facilities, the starting price of which was UAH 70 million ($2.5 million).

The SPF expects to get from UAH 1.5 billion ($53.9 million) to UAH 1.7 billion ($61 million) from the sale of the said facilities.

The small-scale privatization assets includes real estate, small businesses whose nominal value does not exceed UAH 250 million ($9 million).

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