SPFU to sell Pilot PlantWave

SPFU to sell Pilot PlantWave

State Property Fund of Ukraine (SPFU) will auction property of a former research and development plant in Lviv and region for second time with a 50% discount

State Property Fund of Ukraine (SPFU) will conduct an auction for property of Pilot PlantWave located in Lviv and Lviv region on 5 February 2018 at Ukrainian Universal Exchange (UUE). It will be second attempt with a 50% discount put on a final price.

The property complex of Pilot PlantWave includes two land plots totaling 3.2ha in Lviv and 50 buildings with production equipment.

According to the terms of the lot listed for sale, the winning bidder of the auction has to keep up with the company's business activities during next five years at least. It will also lay under obligation to avoid layoffs keeping job places for this period.

At this, the residential buildings belonging to the plant will be transferred to communal ownership. The winning party will have to clear the accounts payable too.

Pilot PlantWave specializes in instrument engineering, railway stocks production and manufacturing of plastic components.

The plant also carries design and mounting works for systems of technological production lines.

In 2016, the research and development plant received UAH 4.8mln (USD 170 thousand) in revenues while posting UAH 311 thousand in net losses.

The charter capital of the company amounts to UAH 17.8mln. The property rights stand at UAH 14mln, while arrears are near UAH 526 thousand.

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