The Ukrainian government has sold a state-run Kyiv machinery factory at a privatisation auction for 1.4 billion hryvnias ($52.6 million), the head of the State Property Fund Dmytro Sennychenko said on Wednesday.
“A big privatisation has taken place today and we will continue it,” Sennychenko said at a televised auction, adding that the sale marked the resumption of major privatisations in the country after nearly a decade-long break.
The State Property Fund plans to hold its next privatisation auction on Oct. 29 to sell state-run United Mining and Chemical Company (UMCC), Europe’s largest titanium and zirconium miner. The starting price for 100% of UMCC has been set at 3.7 billion hryvnias (about $140 million).
The state stake of 78.289% shares in Centrenergo, a major electric and thermal energy producer will be on sale on Dec. 13 with the starting price of 5.98 billion hryvnias.
Ukraine wants to raise about 12 billion hryvnias by selling state assets in 2021 to partially finance a planned budget deficit of 5.5% of gross domestic product this year.
Source: Reuters.com