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The State Property Fund has announced privatization plans for the year 2024

30 Nov, 2023
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The State Property Fund has announced privatization plans for the year 2024

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In 2024, the State Property Fund plans not only to sell enterprises within the framework of large-scale privatization but also to conduct auctions for leases, particularly for state agricultural land.

Vitaliy Koval, the head of the State Property Fund, announced this during a meeting with Tony Blair's Institute of Global Change Regional Director, Nicolas Danais.

"Today is the time to search for internal reserves of the state," said the head of the State Property Fund.

The large-scale privatization planned for 2024 involves putting assets such as the Odessa Port Plant, Centrenergo, the United Mining and Chemical Company, Ukrainian Energy Machines, Electrovazhmash, and Sumykhimprom on the market.

"The process of small privatization of objects is already actively underway, and in the near future, we plan to put large privatization objects on the market with a starting value of UAH 250 million," Koval announced.

Additionally, in 2024, auctions for the lease of state-owned agricultural land are planned to commence.

Furthermore, the State Property Fund will act as the largest owner of brownfield assets, representing inactive or abandoned enterprises with already connected utilities that are actively involved in the privatization process.

In this regard, Vitaliy Koval emphasized that the Fund is open to determined investors.

"Now is the opportune moment for investment in Ukraine," stated the head of the State Property Fund.

The Odessa Journal

The Odessa Journal

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