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Ukraine’s government aims to auction off a vodka distillery for as little as $500,000, a stone quarry with a starting price of $7.2 million, a dental products maker at a starting value of $1.3 million, a state vocational school for as little as $9,000, and other state assets in the country’s privatization drive.
Warehouses, factories, former cinemas and other assets are among the 41 properties headed for auction this month, according to the State Property Fund of Ukraine, the agency tasked with managing state-owned enterprises (SOEs), real estate complexes, land, buildings, equipment, vehicles and other state assets.
Among the featured assets are:
- Property complex of SOE “Niginsky quarry” — quarries ornamental and building stone, limestone, gypsum, chalk and slate. The starting price is UAH 26,494,696 ($7.2 million). The auction is Oct 5.
- Property complex of SOE “Volyntorf” — produces peat and peat products. The starting price is UAH 190.1 million ($7 million). The auction is Oct 6.
- Property complex of Kolomyia Distillery — produces alcoholic beverages. The starting price is UAH 18 million ($500,000). The auction date is Oct 6. A previous auction with a starting price of UAH 20 million failed to sell this complex.
- Separate property of Chervona Sloboda operating location and alcohol storage of SOE “UKRSPYRT” — produces ethyl alcohol from fermented materials. The starting price is UAH 4.8 million ($132,700). The auction is Oct 6.
- Property complex of SOE “Training and production workshops” — offers vocational training and production services. The facility includes buildings, structures, equipment, vehicles and other inventory. The starting price is UAH 245,400 ($9,000) after a 50% discount. The auction is Oct 9.
- Property complex of SOE “State Institute for Design of Mining Enterprises “Kryvbassproekt” — carries out engineering activities and related technical consultancy. The starting price — UAH 28.9 million ($7.2 million). The auction date — October 12, 2023.
- Property complex of Khmelnytskyi State Experimental Prosthetic and Orthopedic Enterprise — manufactures medical and dental instruments and supplies. The starting price is UAH 49.4 million ($1.3 million). The auction is Oct 18.
The fund also announced 45 online auctions for renting state-owned property in October, including assets in the capital and other regions of Ukraine, such as buildings, land and warehouses, with various areas and technical conditions.
The fund also said that 300 assets have been privatized in the first nine months of 2023 for a combined UAH 2.7 billion ($73.6 million), a 50% increase from UAH 1.8 billion in the same period last year.
