SPF at the second attempt sold "Kievpassservice" to Bastion-Group LLC for $9,4 million

SPF at the second attempt sold "Kievpassservice" to Bastion-Group LLC for $9,4 million

The Bastion-Group LLC won the auction for the privatization of one of the largest company providing services to carriers and passengers

After the first unsuccessful attempt to sell Kievpassservice in August 2019, when there was no one willing for this lot, in March 2020 the State Property Fund was finally able to find buyers for the capital carrier, which unites 24 bus stations in Kiev and the Kiev region.

3 participants took part in the auction. The selling price increased by 18%. The SPF is confident that such success among investors was achieved thanks to a new approach to disclosing information about the company and hundreds of pages of published documents.

The JSC "Kievpassservice" includes six bus stations (AS) in Kiev: AS "Center", AS "Darnitsa", AS "Polesya", Central bus station, AS "Yuzhnaya", AS "Dachnaya". In addition, the company owns 18 bus stations in the Kiev region.

The initial cost of the enterprise was UAH 196 million.

The winner of the auction was Bastion-group LLC, owned by businessman Vladimir Ivchun.

Bastion-Group LLC intends to start the wide-scale enhancing of the capital and regional bus stations.

According to Kyivpasservis Marketing Director Dmytro Ozhihov, Kyiv Central Bus Station is the first in line for enhancing.

“We have already received all legal permits and documents for enhancing Kyiv Central Bus Station, its plan and design are ready to be published soon,” Ozhihov said.

The private investor plans to create an international transport hub based on Kyiv Central Bus Station and develop a European bus service culture.
In the new bus station, it is planned to equip modern food courts, information boards throughout its territory, recreation areas, as well as a medical office to assist passengers and provide preliminary examination of drivers.

The new project of the bus station takes into account all the requirements for infrastructure use by disabled passengers.

In the future, it is planned to build a modern hotel for short time guests waiting for runs or staying overnight at the bus station.

Related posts