Home / EMEA / State Property Fund of Ukraine sells 100% stake in Gayvoronskiy Locomotive Locomotive Repair Plant

State Property Fund of Ukraine sells 100% stake in Gayvoronskiy Locomotive Locomotive Repair Plant

State Property Fund of Ukraine re-announced the selling of 100% stake in Gayvoronskiy Locomotive Repair Plant. The tender will take place on the 30th of April 2014, the announcement was published in the Bulletin of Privatisation.

The initial value of the shares is estimated at UAH 103.890.000,  step bidding is  UAH 0.11 million.

The buyer is obliged to carry out the core activities,  improve production and management, to provide a gradual increase in wages in order to keep up with the  inflation.

In addition, the buyer should make annual investments in the amount of  UAH 3.8 million for five years.

Gayvoronskiy Locomotive repair plant specializes in the repair of narrow gauge locomotives TU-2, W-4, W-7 (production Kambarka Machinery Plant, Russia), TGM-23 locomotives and TGM-40, repair of diesel engines D6 and D12 , manufacture of spare parts for locomotives and gears.

In 2013, sales amounted to UAH 19.02 million (4.2% higher compared to 2012) and profit reached UAH 0.359 million (10.7% less compared to 2012).

Source* http://interfax.com.ua/

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