KYIV, Sept 7 – Ukraine will sell a major property and industrial assets of Bilshovyk plant in the city of Kyiv on October 27 in a privatization auction that may rake in UAH 1.39 billion from the sale, officials said.

The plant, which is now known as the First Kyiv Machine-Building Plant, is currently losing money. But the massive property it owns in Kyiv represents a significant value.