The state-owned, ‘Bolshevik’ machine building plant will go up for auction in October with a starting price of $52 million , Dmitry Sennychenko, head of the State Property Fund, writes on Facebook. Given its location on Kyiv’s Peremohy Avenue and next to Shuliavska Metro station, the 35-hectare site is could attract as mu... #BolshevikforSale #BolshevikKyiv #Bolshevikprivatization
Conditions include paying $19 million in debts and back wages and investing $2 million in “preservation of basic activities.” ” Founded 140 years ago, the most modern machinery dates from 1983. With 315 employees, the state company only generated $3 million in revenue last year. KPMG Ukraine is the privatization advisor. #Bolshevikforauction #BolshevikforSale
Bolshevik, the oldest machine building plant in Kyiv, will probably be sold for the value of its 35 hectares of prime real estate, predicts Dmytro Sennychenko, head of the State Property Fund. Founded 140 years ago by a Swiss engineer, the state-owned factory has fallen on hard times, with production dwindling and bushes growing ... #Bolshevik #BolshevikforSale #KyivBolshevik
