State Property Fund puts the ‘Smoly’ plant up for privatization for over 72 million UAH

The State Property Fund of Ukraine announced an online auction on January 16 for the sale of 100% of the shares of the chemical plant ‘Smoly’, located in the Dnipropetrovsk region. The starting price for the company’s share package is set at 72.027 million UAH (excluding VAT).

This is reported by AgroReview

Features of the enterprise and strategic significance

The ‘Smoly’ plant specializes in the production of plastics in primary forms. The main product of the enterprise is ion-exchange resins, which are widely used for water purification at nuclear and thermal power plants, as well as in hydrometallurgy. Due to this product, the plant is considered a strategically important object in Ukraine’s chemical industry.

‘Smoly’ specializes in the production of ion-exchange resins, which are used for water purification at nuclear and thermal power plants, as well as in hydrometallurgy.

Conditions for sale and previous auctions

The ‘Smoly’ enterprise was established in 1998 based on the production facilities of the Dnipro Chemical Plant. The State Property Fund has repeatedly attempted to sell this plant, but previous auctions did not take place due to a lack of potential buyers. At the last auction, the starting price of the enterprise was 144.054 million UAH, but there was no demand, and the price has now been reduced by more than half.

In addition, the State Property Fund recently announced an auction for the privatization of 99.99% of the shares of one of Ukraine’s largest chemical enterprises – ‘Sumykhimprom’. The starting price for this asset is set at 1.088 billion UAH, with the auction scheduled for January 13.