Ukraine to sell Vinnytsiapobutkhim to highest bidder
Ukraine is inviting bids for Russian chemicals firm, Vinnytsiapobutkhim, which was nationalized last July. The starting bid is US$7.3 million. The post Ukraine to sell Vinnytsiapobutkhim to highest bidder appeared first on Global Cosmetics News.
THE WHAT? Ukraine is inviting bids for Russian chemicals firm, Vinnytsiapobutkhim, which was nationalized last July. The starting bid is US$7.3 million.
THE DETAILS According to a report published by The New Voice, the sale comes with certain conditions, including that the buyer would be barred from resale, transfer or lease of assets to sanctioned individuals or Russian representatives. Workers will also be protected from redundancies for six months following the sale.
THE WHY? While The New Voice didn’t comment, presumably the privatisation will raise funds for Ukraine’s efforts to maintain its independence.
The post Ukraine to sell Vinnytsiapobutkhim to highest bidder appeared first on Global Cosmetics News.
