Privatization of personal property: 17 participants of the auction competed for car ownership

Privatization it’s not just about real property and enterprises. The State Property Fund of Ukraine puts up for transparent auctions property complexes and state blocks of shares as well as personal property, including assets that are definitely not necessary for the state to perform its functions.

On April 8, 2021, privatization of personal property, an Infinity FX35 vehicle of 2003, was actioned online, resulting that the state budget should receive UAH 179 000.

17 participants competed for ownership of the asset at the open bidding and increased the price from the starting UAH 113 887 to UAH 179 000.

The winner of the auction has to sign a protocol on the results of bidding, conclude a sales contract and make payment. After that, the privatization process of the object will be considered officially completed.

To find information on upcoming privatization auctions, please follow the link: https://bit.ly/2Nuqlcr