Business news from Ukraine

Business news from Ukraine

Boryspil automobile plant sold for UAH 108 mln

On Wednesday, the state-owned Ukreximbank (Kyiv) sold a complex of buildings and structures and a land plot in Kyiv region to the only bidder through the OpenMarket electronic trading system (SE SETAM of the Ministry of Justice of Ukraine) at a starting price of UAH 108.412 million.

As reported, the Boryspil Automobile Plant of Etalon Corporation in Prolisky village (Boryspil district, Kyiv region) was put up for auction.

According to SETAM, 8 bidders initially submitted applications for participation in the auction, but seven of them were rejected due to non-payment of the guarantee fee.

The total area of the lot is 18.67 thousand square meters. It includes, among other things, the main production building (7,679.9 sq m), a production building (644.8 sq m), an administrative and amenity building with a canteen (3,213.6 sq m), a spare parts warehouse (4,016.6 sq m) and other buildings.

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

As noted, the buildings and structures are in a suitable technical condition for operation. The facility is fully operational as a production and warehouse complex with an administrative part. Its territory is fenced and guarded.

The winning bidder paid UAH 10.84 million as a guarantee fee and, according to the bidding protocol, must transfer UAH 99.197 million to the seller’s account by May 1 this year.

Boryspil Automobile Plant was established in 2002. The Etalon corporation organized the production of small class buses on the chassis of the Indian TATA. Then the production of buses was transferred to the corporation’s Chernihiv Automobile Plant, which now produces buses of various classes and trolleybuses.

According to the register of court decisions, in January 2023, BAS PJSC was declared bankrupt and liquidation proceedings were initiated.

According to the National Securities and Stock Market Commission (NSSMC), as of the third quarter of 2023, Bodmin AG (registered in Switzerland) owned 74.37% of BAZ shares, while another 22.81% was owned by Kirayne LLC (Kyiv).