Sale of «Ukrbud» and «Sumykhimprom»: starting price and privatization conditions
The government of Ukraine has made a decision regarding the conditions and starting price for the sale of two significant large-scale privatization assets – the state joint-stock company «Construction Company «Ukrbud» and the public joint-stock company «Sumykhimprom». According to the information, «Ukrbud» will be put up for privatization with a starting price of approximately ₴262.65 million, while the starting price for the share package of «Sumykhimprom» exceeds ₴1.158 million.
This is reported by AgroReview
Privatization Conditions
According to the established conditions, the new owners of the shares of «Ukrbud» and «Sumykhimprom» are required to adhere to a number of requirements:
- maintain the profile of the companies’ activities;
- settle all debts of the companies within six months;
- guarantee the observance of labor rights of employees and avoid layoffs in the first six months;
- direct dividends to the state budget based on the results of activities in 2024 and until the time of sale in 2025.
About the Companies
The construction company «Ukrbud» specializes in the design of industrial and civil facilities, performs construction and installation works, and is also involved in the training and retraining of workers for the needs of the construction industry.
«Sumykhimprom», in turn, is a chemical industry enterprise that has been operating since 1953. Its main areas of activity include the production of mineral fertilizers, titanium dioxide, and inorganic chemicals.