The State Property Fund has identified Petro Oil & Chemicals LLC as the winner of the auction for the privatization of the state joint-stock company Construction Company Ukrbud.
This is stated in the fund's message, the Ukrainian News agency reports.
The message states that 5 participants competed during the bidding, which led to an increase in the cost of the lot from the starting price of UAH 262,646,000 to the final price of UAH 805,001,000.
The highest bid for the company's shares was offered by Petro Oil & Chemicals LLC.
It is noted that the conditions of privatization of the facility include 10 points, according to which the buyer of the share package is obliged to ensure their implementation from the date of transfer of ownership of the acquired share package, in particular: preservation of the main activities of the State Joint-Stock Company "Construction Company Ukrbud"; repayment within six months of debts from wages and to the budget, which are available on the date of transfer of ownership of the acquired share package of the company, and prevention of dismissal of employees of the company at the initiative of the new owner or a body authorized by him.
The company includes 10 subsidiaries with a total book value of assets as of 12/31/2024 of over UAH 255 million, including: design institutes and training and course complexes, real estate in various cities of Ukraine, some of which have already been leased.
According to Opendatabot, the owner of Petro Oil & Chemicals is Lurak Investments Limited (100%, Cyprus), the ultimate beneficiary is David Bezhuashvili through Chemexim International Ltd (Georgia).
As the Ukrainian News agency earlier reported, at the end of March, the Cabinet of Ministers approved the price and terms of privatization of Ukrbud and Sumykhimprom.
"The construction company Ukrbud is one of the companies related to another legal entity - the Ukrainian State Construction Corporation Ukrbud."
The president of the state corporation Ukrbud during 2010-2016 was former member of the Verkhovna Rada Maksym Mykytas.
He built his own private construction business, using the brand of the state company.
At the same time, the "Construction company Ukrbud", transferred for privatization, was mainly engaged in industrial construction.
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