Ukraine has generated over ₴342M through its privatization efforts.

The State Property Fund of Ukraine (SPFU) successfully conducted nine online privatization auctions from May 26 to May 30, raising ₴342.32M ($8.3M). On average, the value of the assets available at these auctions increased by 270%.

The most expensive item was the state enterprise Kyiv Automobile Repair Plant, which specializes in vehicle maintenance and repair and sold for ₴310M. The buyer, Magistralbudtrade, will pay ₴62M in VAT, leading to a total economic impact of approximately ₴372M from this asset’s privatization.

This week, the SPFU plans to host 20 privatization auctions featuring various assets, including a warehouse complex in Kharkiv, administrative buildings in the Ternopil region, and a public building along with its accompanying structures in the Kyiv region, among others.

Additionally, the government approved the privatization terms for the state-owned cosmetics and household chemicals manufacturer, Vinnytsiapobutkhim, with a starting price set at ₴301.4M.