The auction for the privatization of the Bilhorod-Dnistrovskyi port could be canceled due to a sudden inspection

The auction for the privatization of SE “Bilhorod-Dnistrovsky MTP” was postponed to another date due to a sudden audit two days before the auction.

The privatization auction was supposed to take place on March 3. The day before, it became known that the auction would not take place. State Property Fund reported that the participants did not apply. The next auction with a price reduction is scheduled for March 13. The starting price is UAH 93.7 million against the previously mentioned UAH 187.6 million.

One of the reasons for the postponement of the auction for the privatization of SE “Bilhorod-Dnistrovsky MTP” to another date was a sudden audit two days before the auctions, the director of SE “Bilhorod-Dnistrovsky sea trade port” Oksana Kiktenko said in the comment to CFTS.

“On December 28, the port is hurriedly included in the plan for conducting a financial audit. According to what criteria was the State BDMTP included in such a list? Why should there be this audit right now during privatization? There are no answers to the questions. However, there are many doubts that this is an ordinary planned measure of state control,” says the head of the state stevedore.

According to the official, such factors reduce the investment attractiveness of object privatization, because investors understand the possible unpredictability of audit results.

“Today we already see a negative result – the price has halved. Let’s see what happens next. We hope that the second round of the auction will take place,” Kiktenko said.