A starting price of almost UAH 1.4 bln was proposed for the Bilshovyk plant.

The Auction Commission for the privatization of the First Kyiv Machine-Building Plant (formerly Bilshovyk), has proposed a starting price of UAH 1.398 billion, the Head of the State Property Fund (SPF) Dmytro Sennychenko has revealed. He acknowledged that “The privatization of the Bilshovyk plant is a chance for a second life for this enterprise, which is more than UAH 500 million in debt.” Investments of more than UAH 57 million will be needed for repair and modernization.