The state has sold a sanctioned asset — a 93% stake in Kalush Pipe Plant — for UAH 68.27 million.
The 93% state-owned stake in the charter capital of Kalush Pipe Plant LLC, an enterprise previously owned by Russian owners and confiscated by a decision of the High Anti-Corruption Court, was sold through a privatization auction on the Prozorro.Sale platform for UAH 68.27 million.
Initially, the state asset was offered for sale at a starting price of UAH 136.5 million, but the auction failed to attract any buyers.
The asset was re-listed at a price of UAH 68.27 million, after which the enterprise was sold to the sole participant in the auction.
The buyer was AVR “Trembita” LLC, a company registered in the city of Kalush on December 23, 2025.
Kalush Pipe Plant specializes in the production of polymer pipes (single- and multilayer), fittings, and products for water supply and utility infrastructure.
The plant is located in Ivano-Frankivsk region and has an established production base as well as potential for product diversification (water, gas, sewage), which may be of interest to investors in the industrial segment.
The enterprise has production infrastructure covering more than 17,000 sq m, including 71 buildings, over 14 hectares of land plots, and a fleet of equipment.
The workforce numbers around 115 employees, and the sale includes obligations for the new owner to settle outstanding debts and to refrain from layoffs for six months.
The asset had been under state ownership following its confiscation from Russian oligarch Myron Horilovskyi and his partners, based on a ruling by the High Anti-Corruption Court.
The sale of 93% of the company’s charter capital for UAH 68.27 million became one of the rare cases of a sanctioned asset being sold through a public auction.
Investing in large industrial enterprises with a sanctions background requires careful analysis of market conditions, the state of production, and the managerial capabilities of the new owner. At the same time, the discounted acquisition price may allow the buyer to invest in modernization or business expansion with potentially high investment returns.
