A repeat auction for the privatization of 50%+1 share of PJSC Rivne Radio Technical Plant, which has not been operating since 2013 and has been declared bankrupt, will take place on July 14 at half the initial price of UAH 60.78 million.
According to data in the Prozorro.Prozazhi system, the initial auction scheduled for July 4 did not take place due to a lack of bids. The sale price of the controlling stake (22,423,190 shares) was UAH 121.56 million.
The plant is located 4 km from the M-06 Kyiv-Chop international highway. The balance sheet of the company, which manufactured communications equipment, includes seven real estate properties with a total area of 68,795 square meters. The real estate properties owned by the PJSC are located on a land plot with a total area of 11.38 hectares and are owned by the municipality.
“Among the additional advantages of the asset are its connection to all necessary utilities and the absence of any restrictions on its use. This makes the property an ideal platform for relocation or expansion of existing production,” according to the FGI.
The buyer is obliged to pay off wage arrears and debts to the budget (as of the date of transfer of ownership) within six months, as well as to prevent the dismissal of employees.
According to the FGI, as of March 30, 2025, the company’s overdue accounts payable amounted to UAH 55.21 million, including UAH 12.66 million in wages, UAH 1.9 million in taxes, and UAH 1.17 million in insurance. According to the National Securities and Stock Market Commission (NSSMC), as of the first quarter of 2025, apart from the state, the list of shareholders owning more than 5% of the LLC’s charter capital includes Oleg Maryanchik (5.43% of shares).
The Rivne Radio Technical Plant was once one of the largest enterprises in the region.
