The State Property Fund of Ukraine has announced an online auction for the privatization of 100% of the shares of the chemical plant ‘Smoly’, located in the Dnipropetrovsk region. The auction is scheduled for January 16, with a starting price of 72.027 million hryvnias (excluding VAT).
This is reported by Business • Media
Strategic Importance of the Enterprise
The ‘Smoly’ plant plays an important role in the country’s chemical industry. The main focus of the enterprise is the production of plastics in primary forms. Additionally, the company specializes in the manufacture of ion-exchange resins, which are widely used for water purification at nuclear and thermal power plants, as well as in hydrometallurgy. These products are of strategic importance for Ukraine’s energy and metallurgy sectors.
“This is a strategic enterprise in Ukraine’s chemical industry, specializing in the production of ion-exchange resins, which are used for water purification at nuclear and thermal power plants, as well as in hydrometallurgy.”
History of Privatization and Other Sale Objects
The ‘Smoly’ enterprise was established in 1998 based on the production facilities of the Dnipropetrovsk Chemical Plant. This is not the first time the State Property Fund has put this plant up for sale — previous attempts were unsuccessful due to a lack of interested buyers. At the last auction, which did not take place due to a lack of participants, the starting price of the plant was 144.054 million hryvnias.
In addition to the ‘Smoly’ plant, the State Property Fund has announced another online auction scheduled for January 13. Up for sale is 99.99% of the shares of ‘Sumykhimprom’ — one of the largest chemical producers in the country. The starting price for this asset is 1.088 billion hryvnias.