The State Property Fund of Ukraine has announced an online auction for the privatization of the state share package of the ‘Kvant’ plant, located in the Holosiivskyi district of Kyiv. The auction will take place on September 25 in the Prozorro.Sales system, with a starting price of 172.96 million hryvnias.
This is reported by Kyiv24
Characteristics of the Plant and Sale Conditions
The main activity of the enterprise is the leasing and operation of its own or rented real estate. The plant has 30 real estate assets on its balance sheet, including a building with a transformer substation, an auto repair workshop, and other structures. In the basement of the four-story brick non-residential building, there is a civil protection shelter.
The buyer of the plant is required to fulfill a number of conditions: within six months, they must settle debts related to salaries and to the budget, as well as refrain from dismissing employees during this same period.
History and Prospects of the Facility
In 2021, the ‘Kvant’ plant, along with 16 other enterprises, was removed from the state concern ‘Ukroboronprom’ and transferred to the State Property Fund for privatization. According to ‘Ukroboronprom’, these companies lost their connection with the defense-industrial complex, did not carry out significant economic activities, or were unprofitable. In 2018, the concern reported attempts of raider capture of the ‘Kvant’ plant and appealed to law enforcement agencies for the protection of the enterprise.
‘Kvant’ previously played a certain role within the defense-industrial complex of Ukraine, but in recent years its activities have been limited to real estate management.
The auction for the sale of the plant is part of a large-scale privatization program being implemented by the State Property Fund. Fund representatives expect that the facility will attract significant interest among auction participants, as it has high potential for development.
Detailed information about the privatization object can be found at this link.
