Business news from Ukraine

Business news from Ukraine

State Property Fund of Ukraine again puts up for auction plant for production of meat casing “Pentopak”

1 June , 2024  

The meat casing plant PentoPak PJSC (Boryspil) after the first fruitless auction, scheduled on “Prozorro.Sales” on May 31, is put up for a second auction at a halved price – for UAH 101.87 million.

According to information on the site “Prosorro.Sales”, a new auction is scheduled for June 10.

As reported, on May 6, the State Property Fund (SPF) of Ukraine approved the starting price of PentoPak PJSC, recovered from Russian sub-sanctioned oligarch Ivan Savvidi, in the amount of 203.7 million UAH.

As noted in the FGI, the plant provides a full cycle of production of packaging for meat processing products. “PentoPak” produces multi-layer synthetic shrink casing, applying advanced technologies. Among the clients of the enterprise are well-known Ukrainian brands such as “Rud”, “Globino”, “Meat Guild”, as well as customers from more than 30 countries of the world.

The enterprise has preserved 193 jobs, has no debts on wages and to the budget. The company plans to modernize production and enter new markets of packaging materials for the dairy industry, fish processing and animal feed packaging.

Earlier, in February 2024, the SACS decided to confiscate Savvidi’s property and transfer 100% of PentoPak shares to the State Property Fund, as the oligarch has close ties with the Russian leadership and supports the occupation authorities in the temporarily seized territories of Ukraine.

, ,