The Cabinet of Ministers of Ukraine has approved new terms for the sale of 100% of the state share in the charter capital of the Motor Detail Konotop enterprise. The starting price for this asset has been set at 268.07 million UAH, which is 10 million UAH lower than the previous starting price determined by the government.
This is reported by Business • Media
Production Features and Clients of the Plant
The Motor Detail Konotop enterprise is one of the largest plants in Europe specializing in the production of cylinder sleeves for various types of internal combustion engines — automotive, tractor, marine, heavy-duty, and stationary. The plant has foundries, machining, and auxiliary workshops, employing over 700 workers. The enterprise is profitable and holds significant importance for the budget of the city of Konotop. Among its clients are well-known global brands, including Rolls-Royce, Scania, MAN, Iveco, Mercedes-Benz, Volvo, Renault, and CAT.
“Motor Detail Konotop” is one of the largest plants in Europe engaged in the production of cylinder sleeves for automotive, tractor, marine, heavy-duty, and stationary internal combustion engines. The production structure includes foundries, machining, and auxiliary workshops. This enterprise in Konotop is profitable and budget-forming, employing over 700 people. Among the clients of the enterprise are renowned companies such as Rolls-Royce, Scania, MAN, Iveco, Mercedes-Benz, Volvo, Renault, and CAT.
Successful Sale of Another State Asset
In addition, the State Property Fund of Ukraine has sold the property complex of the state institute “Ukrrybproekt” in Kyiv for 91 million UAH. Following the auction, the value of the object increased by 500% from the starting price of 15.07 million UAH. In addition to this amount, the new owner must pay over 18.2 million UAH in VAT, which potentially ensures an economic effect of over 109.2 million UAH. The new investor is also obligated to settle the institute’s wage arrears and debts to the budget.