Successful privatization of Hotel “Dnipro” – the State will receive 1 billion 111 million 111 thousand 222 hryvnias

On July 15, 2020, the auction of privatization of Hotel “Dnipro” took place with a winning bid of 1 billion 111 million 111 thousand 222 hryvnias.

The event was widely covered by the media, the auction was broadcast interactively and a number of expert panels were held with the participation Dmytro Sennychenko, the Head of the State Property Fund of Ukraine, creators of the Prozorro.Sales platform, representatives of the Ministry for Development of Economy, Trade and Agriculture of Ukraine, Ministry of Finance, State Management of Affairs, Transparency International Ukraine and the U.S.- Ukraine Business Council (USUBC).

According to the Head of the State Property Fund of Ukraine, the privatization of Hotel “Dnipro”  is also aimed at restoring public confidence in privatization.

“The transparent privatization of Hotel “Dnipro” has proved that the days of closed trials are over. By real actions, the Government proves that it is open to people, to investors,” Dmytro Sennychenko said.

The privatization of this unique object of hotel infrastructure has attracted a lot of public attention from the very beginning.

The United States Agency for International Development (USAID), in order to ensure the most transparent privatization of state assets, at the request of the SPFU involved through the Ukraine Competitive Economy Program of USAID, Baker McKenzie - for legal audit, DELTA Ukraine - for technical audit, Cushman & Wakefield - for training feasibility study, and IDeals to the development of virtual data rooms. The comprehensive assessment of the privatization object gives the investor a real picture, on the basis of which the investor offers a competitive price and the state receives investment.

All this was a prerequisite for the successful attracting in the auction of 29 participants who competed on equal terms for ownership of Hotel “Dnipro”.