By KYIV. Sept 13 (Interfax-Ukraine) – The State Property Fund of Ukraine on October 6 will hold a privatization auction for the sale of the state-owned enterprise Volyntorf with a starting price of UAH 190.2 million, according to the fund’s website.
The auction will take place on ProZorro, the guarantee fee for participation in the auction is UAH 38 million (excluding VAT).
“The State Property Fund already has experience in the successful sale of a state-owned peat enterprise. In early July, it held an auction for the sale of Rivnetorf, during which 12 participants competed. The result is that the starting price increased 4.3 times, to UAH 205 million,” deputy chairman of the State Property Fund Serhiy Simonov said.
According to the fund, Volyntorf is a profitable enterprise specializing in the production of peat briquettes. For the first half of 2023, the state enterprise received UAH 90.4 million in income and UAH 6.2 million in net profit, while for 2022 some UAH 200 million and UAH 10.6 million, respectively.
As of June 30, 2023, Volyntorf had no overdue accounts payable, current accounts payable amounted to UAH 20.2 million, including for settlements with the budget – UAH 8.9 million, for wages – UAH 2.6 million.
In general, the facility includes 109 units of real estate (industrial, warehouse, administrative premises) with a total area of more than 21,000 square meters. The company employs 302 people and has 164 vehicles on its balance sheet. Volyntorf state enterprise includes a separate division, Manevytsky Peat Plant.
“Peat is not a strategic fuel for the energy industry of Ukraine. Its total share in the country’s energy balance is less than 1%, according to State Statistics Service data. Therefore, the State Property Fund is gradually putting state-owned peat enterprises up for privatization auctions,” explained the fund.
