The Cabinet of Ministers of Ukraine has made a decision regarding the new terms for the sale of 100% of the state share in the charter capital of the Motor Detail Konotop plant, which is one of the largest enterprises in Europe for the production of cylinder liners for internal combustion engines. The starting sale price for the state share of the stock is set at 268.07 million UAH, which is 10 million UAH less than the previously approved amount.
This is reported by Finway
Enterprise with Strategic Clients
The Motor Detail Konotop plant specializes in the production of cylinder liners for automotive, tractor, marine, heat-engine, and stationary engines. The production includes foundry, machining, and auxiliary workshops. The enterprise is profitable, contributes significantly to the local budget, and provides jobs for over 700 employees. Among the plant’s clients are internationally renowned companies, 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 liners for automotive, tractor, marine, heat-engine, and stationary internal combustion engines.
Successful Sale of State Institute
In addition to the decision regarding the plant in Konotop, the State Property Fund of Ukraine has sold the property complex of the state institute “Ukrrybproekt” in Kyiv for 91 million UAH. During the auction, the value of the object increased fivefold compared to the starting price of 15.07 million UAH. Additionally, the buyer is required to pay over 18.2 million UAH in VAT, and the total economic effect for the state may exceed 109.2 million UAH. The new owner is also obliged to settle the institute’s wage arrears and tax debts.