Business news from Ukraine

Business news from Ukraine

Boryspil automobile plant in Kyiv region sold for UAH 108 mln

9 April , 2024  

State-owned Ukreximbank (Kiev) is selling a complex of buildings and structures, as well as a land plot in Kiev region through the OpenMarket electronic bidding system (SE “SETAM” of the Ministry of Justice of Ukraine), according to a press release of SETAM.

The starting price of the lot is 108 million 412 thousand 224 UAH. The auction is scheduled for April 17. The guarantee fee for participation in the auction is UAH 10.841 mln.

The press release notes that Ukreximbank is selling the car plant, but does not specify the name, but judging by the address of location in Boryspil and the attached photos, it is PJSC “Boryspil Automobile Plant” (“BAZ”) of the corporation “Etalon”.

The total area of the sold lot is 18.67 thousand square meters, including the main production building (7679.9 square meters) and production building (644.8 square meters); administrative and utility building with canteen (3 213.6 square meters); spare parts warehouse (4016.6 square meters) and other buildings.

The land plot has an area of 7.5205 hectares. Target purpose: for placement and operation of main auxiliary and auxiliary buildings and structures of processing, machine-building and other industries.

In the press release it is noted that the buildings and structures are in exploitable technical condition. The facility is fully operational as a production and warehouse complex with an administrative part. Its territory is fenced and guarded.

Borispol Motor Plant was established in 2002, where the corporation “Etalon” organized the production of small class buses. Currently, buses of various classes and trolleybuses are produced at the corporation’s Chernihiv auto plant.

According to the register of court decisions, in January 2023 PJSC BAZ was recognized bankrupt and liquidation procedure was opened.

According to the data of the National Commission on Securities and Stock Market for the third quarter of 2023, Bodmin AG (registered in Switzerland) owns 74.37% of BAZ shares, another 22.81% belongs to Kirayn LLC (Kiev).

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