The State Property Fund (SPF) of Ukraine has put up for auction Zarubinsky distillery (Ternopil region), which is the most expensive lot in the history of small-scale privatization – the starting price is UAH 245.4 million, the Fund reported on Facebook.
“This is an operating enterprise in the alcohol industry that produces not only ethyl alcohol but also bioethanol and even exports it,” the SPF explained.
According to the report, the distillery includes 58 real estate objects with a total area of 28,804 thousand square meters, including workshops, warehouses, industrial buildings, an administrative complex and other facilities. The privatization lot also includes 27 vehicles and special equipment.
According to the SPF, in 2022-2023, the company was profitable – UAH 1.1 million and UAH 1.6 million, respectively. In 2020-2021, it showed significant losses – UAH 72.7 million and UAH 14.2 million, respectively. As a result, Zarubinsky Distillery has accumulated significant accounts payable – UAH 374 million, of which UAH 4.4 million are debts to the budget and UAH 732 thousand to employees. These liabilities will be transferred to the future investor.
The auction is scheduled for October 2.
According to the Fund, distilleries are among the most popular small-scale privatization assets. Since September 2022, the SPF has sold 14 distilleries and raised UAH 965 million to the state budget, with the average price of each property at auction tripling.
