KYIV, Sept 2 – First Kyiv Machine-Building Plant (the former Bilshovyk plant) will be put up for a privatization auction with a starting price of UAH 1.39 billion, which was approved by the Cabinet of Ministers on Wednesday, Dmytro Sennychenko, head of the State Property Fund (SPF) of Ukraine, said.

"Today, the Cabinet of Ministers of Ukraine has accepted the terms of its privatization. As they say, now a small [not so] challenge remains to find, together with a representative of Big-4, KPMG Ukraine, investors for this asset," he said on Facebook on Wednesday evening.