State-owned Ukrbud is up for privatization: what are the conditions?
6 December 11:19
The Auction Commission of the State Property Fund has set the starting price for the privatization of Ukrbud Construction Company. This was reported by Komersant ukrainskyi with reference to the SPF press service.
The state-owned 100% stake in Ukrbud is to be sold for at least UAH 262.65 million.
The conditions for the privatization of the state-owned stake in Ukrbud Construction Company have also been developed, including
- Preservation of the company’s core business.
- Repayment of wage and budget arrears within 6 months.
- Payment of overdue debts (except for sanctioned creditors).
- Social guarantees for employees and prevention of dismissals within 6 months.
- Compliance with environmental laws and maintenance of protective structures.
- Conclusion of a new collective bargaining agreement after the current one expires.
- Transfer of dividends to the state budget for 2024-2025.
In the near future, the Fund will submit the terms of privatization and the starting price of the stake in Ukrbud Construction Company to the Government for approval
For reference
Ukrbud Construction Company is engaged in the design of industrial and civil facilities, construction and installation works, training and retraining of workers for the needs of the construction industry.
The Company includes 10 subsidiaries, including design institutes and training centers.
