The State Property Fund of Ukraine has announced the auction for the sale of the joint-stock company “Construction Company ‘Ukrbud'”, scheduled for June 18. The initial price of the enterprise is over 262.6 million hryvnias.
This is reported by Kyiv24
Located in the capital, AT “Ukrbud” specializes in the construction of residential and non-residential facilities. As of the end of 2024, the company had debts amounting to approximately 8.5 million hryvnias, according to the Government Portal.
Terms of Sale and Responsibilities of the New Owner
Among the terms of sale, it is stated that the new owner is required to settle salary debts and debts to the budget that existed at the time of acquisition within six months. Additionally, the buyer must settle with creditors, except for debts to sanctioned individuals.
The new owner must also maintain the main types of the company’s activities, not lay off employees for six months, and direct dividends from the results of activities for 2024 to the state budget before the sale is completed.
History of the “Ukrbud” Company
The “Ukrbud” Corporation was established on July 1, 1991, by a resolution of the Cabinet of Ministers of the Ukrainian SSR as the legal successor of the former Ministry of Construction of the Ukrainian SSR.