Confiscated from Russian oligarchs. Ukraine puts a factory in Vinnytsia up for sale for UAH 300 million

The State Property Fund has announced that an online auction will be held on August 13 to privatize 100% of the shares of Vinnytsiapobutkhim, a manufacturer of cosmetics and household chemicals.

This is stated in the fund's announcement.

The starting price is UAH 301.4 million (excluding VAT).

Applications will be accepted until August 12.

“This is a ready-made business with production infrastructure, personnel, premises, and established processes,” the statement said. “The buyer will receive an enterprise that can be scaled, modernized, or integrated into their own business model without having to start from scratch.”

The buyer must also fulfill social and investment obligations, which are conditions of privatization.

It is noted that all proceeds from the privatization of nationalized assets will go to the fund for the elimination of the consequences of armed aggression and will be used for the country's recovery.

Source: NV.Business