The State Property Fund has announced another online privatization auction, scheduled for November 19, for a 100% stake in the authorized capital of LLC Motordetal-Konotop (Konotop). The entity was previously owned by Sergey Kalashnikov, a former member of the Federation Council of the Russian Federation. This information was released via the Prozorro.Sale platform.
The starting price is set at 207.75 million hryvnias—half the price of the previous auction for this asset.
“Motordetal-Konotop is one of the largest plants in Europe specializing in the production of cylinder liners for internal combustion engines used in automobiles, tractors, ships, locomotives, and stationary machinery,” the State Property Fund stated. “The facility possesses the necessary equipment and infrastructure to conduct manufacturing operations.”
The production structure includes iron-foundry, machining, and auxiliary workshops. The enterprise employs over 600 people, and its client base features prominent companies such as Rolls-Royce, Scania, MAN, Iveco, Mercedes-Benz, Volvo, Renault, and CAT, according to the State Property Fund.
In 2023, the High Anti-Corruption Court issued a ruling to seize the 100% stake in the authorized capital of LLC Motordetal-Konotop—formerly held by ex-Federation Council member Sergey Kalashnikov—for the benefit of the state. The auction for the sale of Motordetal-Konotop, scheduled for October 20, did not take place due to a lack of participants. The starting price was 415.5 million hryvnias.
