The State Property Fund expects to beat the privatization targets for 2021

The first large privatization tenders are to take place in the summer. Among the priority assets are UMCC and Bolshevik plant

Dmytro Sennychenko, Head of the State Property Fund, believes that his agency will manage to organize privatization of state assets worth more than ₴12 billion in 2021, according to a post on his Facebook page.

“This decision is worth ₴12,000,000,000 — the amount that the State Property Fund will be able to channel to the budget as a result of transparent privatization tenders in 2021. This is 4 times more than the last year! And I am sure we will beat the targets again,” Dmytro Sennychenko wrote.

According to him, the first assets eligible for large-scale privatization will be sold this summer. These are the United Mining and Chemical Company, Kyiv-based Bolshevik plant and President Hotel.

“Every investor will find something to his taste in our investment menu,” the SPFU Head assured. “We are witnessing a great success story. Soon, researchers from around the globe will begin to study the ‘Ukrainian economic miracle’ phenomenon,” he added.

As GMK Center reported earlier, on 30 March the Parliament approved in principle the government draft Law No. 4543, designed to unblock the large-scale privatization process.

Large privatization was suspended due to the entry into force of the Law No. 540-IX of 30 March 2020. In connection with the lockdown, the document imposed restrictions on privatization of large objects.

₴12 billion is expected to come to the 2021 state budget in privatization proceeds, including ₴9 billion from large, and ₴3 billion from small privatization.