The State Property Fund of Ukraine (SPF) on July 5 sold state-owned enterprise “Rivnetorf” at a price 4.3 times higher than the starting price – for 205 million UAH at an online privatization auction in the system Prozorro.
“During the auction the price of “Rivnetorf” increased 4.3 times – from the starting price of UAH 47,1 million to UAH 205 million. Twelve bidders competed in the auction,” the SPF website reported on Wednesday.
Under the terms of the auction, the winner has 20 working days to pay the cost of the lot. In addition to the winning bid, he must pay the VAT – 41 million UAH. If he refuses to pay, he will lose 9.4 million UAH guarantee fee.
“Only strategic and profitable assets should remain in state ownership. Peat is not strategic – its share in the energy balance is less than 0.3%,” explained in the SPF.
According to the report, as of March 31, 2023, accounts payable of Rivnetorfa amounted to UAH 6.9 mln, including UAH 1.8 mln on salaries.
The buyer of the plant must repay debts on wages and budget within six months. Also, he will not be able to fire workers on his own initiative during this period.
