The Cabinet of Ministers adopted the terms of sale of the single property complex of the state enterprise Hotel Ukraine and the state stake in 100% of the shares of United Mining and Chemical Company JSC. This was reported by the press service of the State Property Fund.
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Starting prices
The starting price of the “Hotel Ukraine” enterprise is determined in the amount of 1 billion 47 million 637 thousand 152 UAH.
The starting price of UMCC JSC is UAH 3 billion 899 million 358 thousand.
Already on Monday, July 15, the State Property Fund of Ukraine will hold a meeting of auction commissions for these enterprises, after which messages about privatization auctions will be published .
“We are one step closer to the start of a major privatization, which will take place very soon. I want to emphasize that large-scale privatization is not only about the sale of large assets and filling the state budget, but also about attracting investment, creating new jobs, developing territories and, finally, supporting and developing the Ukrainian economy in these difficult times,” the head noted State Property Fund of Ukraine Vitaly Koval.
Hotel Ukraine
Hotel Ukraine is included in the list of large privatization objects by Government order dated April 23, 2024.
< p>It is located in the center of Kyiv, 200 meters from the Maidan Nezalezhnosti metro station. The hotel has 365 rooms, 8 conference rooms, a business center, a restaurant and other infrastructure facilities (parking, beauty salon, laundry, etc.).
According to the terms of sale approved by the government, the buyer must maintain the main activity of the enterprise, pay wages and debts to the budget within six months, and also pay off overdue accounts payable. In addition, the buyer must provide social guarantees to employees in accordance with the requirements of the law and cannot dismiss employees within six months from the date of receipt of ownership.
OGKhK
JSC “OGKhK” is the largest in Ukraine, an enterprise for the extraction and enrichment of titanium ore concentrates. The company includes the Volnogorsk Mining and Metallurgical Plant in the Dnepropetrovsk region and the Irshansky Mining and Processing Plant in the Zhytomyr region. Last fall, UMCC resumed shipments of ilmenite concentrate to the European market.
According to the approved terms of sale, the buyer is obliged to maintain the main activities of the enterprise, invest in technical re-equipment and modernization of at least 400 million UAH. And also pay debts on wages and to the budget and pay off overdue accounts payable.
All auctions for the sale of large privatization objects will be held in the electronic system “Prozorro.Sales”. During the period of martial law for objects of large privatization, repeated auctions with a decrease in the starting price will not be held.