US EditionUkrbud, the State-Owned Construction Company, Was Sold for ₴805M as Part of a Large-Scale Privatization.
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The construction company “Ukrbud” was sold during an online auction on June 18 as part of a major privatization. The winner of the bidding with a bid of UAH 805 million was Petro Oil & Kemikals LLC, owned by Georgian citizen David Bezhuashvili.
Ukrbud, the state-owned construction company, was sold for ₴805M as part of a large-scale privatization.
The auction winner was the Petro Oil and Chemicals company, owned by Georgian citizen David Bezhuashvili. He offered a price 200% higher than the starting price of ₴262.6M (excluding VAT). The Cabinet of Ministers included Ukrbud in the list of large-scale privatization objects in September 2024, and in March 2025, approved the starting price and terms of sale. Over the past 21 years, the company has built a dozen factories and four residential …
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