Business news from Ukraine

STATE PROPERTY FUND OF UKRAINE PUTS 57.4% OF LVIV PLANT AVTONAVANTAZHUVACH UP FOR SALE

The regional office of the State Property Fund of Ukraine (SPF) in Lviv region has put a 57.4% state stake in the charter capital of PJSC Lviv Plant Avtonavantazhuvach up for sale on the ProZorro.Sale portal.
According to a report on the SPF’s website, the starting price of the package is UAH 8.774 million. The electronic auction will be held on October 4.
The charter capital of the plant is UAH 15.289 million, the nominal value of a share is UAH 0.25.
Avtonavantazhuvach plant was founded in 1948. It had all types of production, including foundry, forge-press, welding. During the existence of the plant, more than 30 models of forklift trucks of various carrying capacity have been developed and introduced into production.
After 1991, the plant significantly reduced output. If during the Soviet era it produced about 12,000 forklift trucks per year, then in 1999 only 250 were produced.

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