WASHINGTON -- On July 15, 2020, the auction of privatization of the Dnipro Hotel took place with a winning bid of 1 billion 111 million 111 thousand 222 hryvnias ( app. 41 million in USD).

The event was widely covered by the media, the auction was broadcast interactively and a number of expert panels were held with the participation of the Chairman of the State Property Fund of Ukraine Dmytro Sennychenko, representatives of the U.S. – Ukraine Business Council (USUBC), creators of the Prozorro.Sales platform, representatives of the Ministry of Economy, Trade and Agriculture of Ukraine, Ministry of Finance, Public Administration Affairs and Transparency International Ukraine.

According to the Chairman of the State Property Fund of Ukraine, the privatization of the Dnipro Hotel is also aimed at restoring public confidence in privatization.

"The transparent privatization of the Dnipro Hotel has proved that the days of closed trials are over. By real actions, the government proves that it is open to people, to investors," Dmytro Sennychenko said.

The privatization of this unique hotel infrastructure has attracted a great deal of public attention from the very beginning.

The United States Agency for International Development (USAID), in order to ensure the most transparent privatization of state assets, at the request of the SPFU involved through the USAID Competitive Economy of Ukraine Baker McKenzie - for legal audit, DELTA Ukraine - for technical audit, Cushman & Wakefield - for training feasibility study, and IDeals to the development of virtual data rooms. A comprehensive assessment of the privatization object gives the investor a real picture, on the basis of which the investor offers a competitive price and the state receives investment.

All this was a prerequisite for the successful participation in the auction of 29 participants who competed on equal terms for ownership of the hotel "Dnipro".

Recorded version of the event is available here - https://www.youtube.com/watch?v=4vj9zmBNqjo