KYIV, Dec 25 – The auction commission for the sale of the state-owned 99.9952% stake in Sumykhimprom has set its starting price at the future ProZorro auction at UAH 1.158 billion and the terms of privatization, which, together with the price, are subject to government approval.

"Preservation of the enterprise's activities. Investments in development: at least UAH 150 million for modernization and energy modernization. Repayment of significant debts: salaries, taxes, debt to the Pension Fund and overdue accounts payable (except for debt to sanctioned persons)," the State Property Fund listed the main conditions on its website.