The State Property Fund has determined the terms and starting price for the privatization of Sumykhimprom
25 December 04:15
The auction commission has set the starting price for the state-owned stake of 99.9952% of the authorized capital of PJSC Sumykhimprom. This was reported by Komersant ukrainskyi with reference to the State Property Fund of Ukraine.
The auction commission has set the starting price of the state-owned stake in PJSC Sumykhimprom at UAH 1.158 billion and developed the terms of privatization.
In particular, the terms of privatization of the enterprise include:
- preservation of the company’s operations;
- investments in development: at least UAH 150 million for modernization and energy modernization;
- repayment of debts: wages, taxes, debts to the Pension Fund and overdue accounts payable (except for debts to sanctioned persons)
- providing social guarantees for employees;
- prohibition of dismissals: during the first six months after the change of ownership, employees are protected from dismissal;
- compliance with environmental legislation;
- fulfillment of the collective bargaining agreement;
- payment of dividends to the state budget for 2024-2025.
The government must then approve the starting price and terms of the sale.
The auction will take place online in the Prozorro.Sale system after the Cabinet of Ministers makes the relevant decision.
For reference
“Sumykhimprom is a basic enterprise of the Ukrainian chemical industry that has been operating since 1953.
Its main products include mineral fertilizers, titanium dioxide, and inorganic chemicals.
The company’s products supply the agricultural sector with fertilizers and are also used in many industries.
Due to the outbreak of a full-scale war, shells hitting the plant’s territory and damage to some facilities, the company was idle for almost six months.
