The State Property Fund has announced an auction for the privatization of 100% of the state share in the charter capital of the ‘Motor Detail-Konotop’ plant, located in the Sumy region. The auction is scheduled for September 24, 2025, with a starting price of 268.1 million hryvnias.
This is reported by Finway
One of the Largest European Manufacturers of Engine Cylinders
The ‘Motor Detail-Konotop’ enterprise is one of the leading plants in Europe for the production of cylinder liners for internal combustion engines. The plant includes foundry, machining, and auxiliary workshops, employing over 600 workers. The plant actively collaborates with well-known international companies, including Rolls-Royce, Scania, MAN, Mercedes-Benz, and Volvo.
The Sale of the Plant Will Contribute to Infrastructure Recovery
The proceeds from the privatization will be directed to the Fund for Liquidation of the Consequences of Armed Aggression by the Russian Federation. This money will be used to restore housing and critical infrastructure that have been damaged as a result of the war.
‘Motor Detail-Konotop’ manufactures parts for automotive, tractor, marine, locomotive, and stationary internal combustion engines.
It is worth noting that in 2023, the High Anti-Corruption Court ruled to recover assets belonging to Russian Federation Federation Council Senator Sergey Kalashnikov in favor of the state. One of these assets was the ‘Motor Detail-Konotop’ enterprise.