The State Investigation Bureau seized 100% of the shares of Kyiv’s Bilshovyk machine-building plant on Jan. 11 over suspicions that it may have been knowingly undersold at its privatization auction, according to a post on the bureau's website on Jan. 13. The shares, which are owned by tycoon Vasyl
The privatization of Ukraine's oldest wine-making enterprise located in the southern Black Sea port city of Odesa has been officially completed, the State Property Fund of Ukraine announced on Nov. 25. The buyer is Kaplor 7, an Odesa-based company, which paid three times the starting price. The purchase includes a
Dmytro Sennychenko led the State Property Fund for two years before he resigned on Nov. 18. Responsible for the country’s Big Privatization program, he said that he worked round the clock along with his team, and it was time for him “to have a bit of a rest.” Sennychenko
On Nov. 17, the Anti-Monopoly Committee refused to consider an application to complete the controversial purchase of the Bilshovyk machine-building plant. The agency said that the application didn’t comply with its requirements. Tycoon Vasyl Khmelnytsky and his business partners bought the Kyiv plant for a mere $53 million through
Dmytro Sennychenko, the head of State Property Fund of Ukraine, has resigned on Nov. 16, several Ukrainian media outlets reported, citing their sources. According to Ekonomichna Pravda, the reason for his resignation was the scandalous sale of the machine-building plant Bilshovyk standing on a 35-hectare land plot in Kyiv. The
