The State Property Fund will hold privatization auctions for four assets in October, including sanctioned assets. Funds from the sale will be directed towards defense and the elimination of aggression consequences.
In October, the State Property Fund of Ukraine will put four major assets up for privatization auctions, including state-owned enterprises and confiscated sanctioned assets. This was reported by the Ministry of Economy and Environment of Ukraine, according to UNN.
This is another step towards attracting private investment, restoring the operation of large enterprises, creating and returning jobs, as well as transforming assets that have not worked for years or belonged to Russian owners into a resource for Ukraine’s development.
– the statement said.
Auction schedule:
- October 13 – PJSC “Sumykhimprom”;
- October 19 – JSC “Odesa Port Plant”;
- October 20 – LLC “Demurinsky Mining and Processing Plant” (sanctioned asset);
- October 20 – LLC “Motordetal-Konotop” (sanctioned asset).
All assets will be sold through the electronic trading system Prozorro.Sales.
It is noted that 100% of the funds from the sale of confiscated sanctioned assets will go to the Fund for the Liquidation of the Consequences of Armed Aggression.
Funds from the privatization of state-owned enterprises go to the state budget of Ukraine and are used to finance the security and defense sector, particularly to meet the needs of the Armed Forces of Ukraine.