Business news from Ukraine

Business news from Ukraine

“Radekhovskyy Sugar” buys Hnidivskyy sugar plant

15 August , 2023  

The Antimonopoly Committee of Ukraine (AMCU) has started to consider the case on the acquisition of assets of Hnidivskyy Sugar Plant by Radekhovskyy Sugar LLC, the press service of the AMCU has reported.

According to the message, it is about the acquisition of assets that ensure the implementation of activities for the production of white sugar (beet sugar).

LLC “Radekhovsky sugar” – one of the largest sugar producers in Ukraine with production facilities in Radekhov (Lviv region), Chortkov, Khorostkov, Kozov and Zbarazh (all Ternopil region). On the market since 1974. Production capacity – 8 thousand tons/day of sugar beet processing. It also produces molasses, dry and granulated cake. Since 2010 it is a member of the international group of companies Pfeifer & Langen Investments (Poland) – a major European sugar producer, which together with Vladimir Matkovsky is listed as the beneficiary of the company.

Gnidivsky Sugar Refinery is a sugar production enterprise in Lutsk, Volyn region. It was built in 1958. It produces products under the trademark “Solodko”. Production capacity – about 6 thousand tons/day of sugar beet processing. According to the analytical system YouControl, the owner of 93.77% is the company “Tvest”. The plant’s ultimate beneficiaries are Yaroslav Galkievich and Yevgeniy Makara.

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