Business news from Ukraine

SPF puts Zarubinsky distillery up for auction

5 September , 2023  

The State Property Fund (SPF) has put up for sale the Zarubinsky distillery in Ternopil region. The starting price is UAH 245.4 million, the press service of the fund reported.

“The company’s main products are ethyl alcohol and denatured alcohol, including bioethanol,” the SPF said.

According to the report, the facility has 58 units of real estate with a total area of 28.8 thousand square meters, which are located on four land plots with a total area of 23.5 hectares. The company’s vehicle fleet includes 27 units. The plant employs 129 people.

The volume of sales of products (works, services) (including exports) for the period 2020 – the first half of 2023 amounted to UAH 909.5 thousand, including exports – UAH 835.5 thousand.

As of June 30, 2023, accounts payable amounted to UAH 374,681 thousand, of which UAH 210,144 thousand is overdue. Staff salary arrears amounted to UAH 732 thousand.

The auction is scheduled to take place in September. The exact date will be announced later.

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