Business news from Ukraine

AMCU allows Timkol to privatize Borshevskyy distillery

The Antimonopoly Committee of Ukraine (AMCU) allowed Timekol LLC (Kyiv) to privatize Borschevsk distillery (Ternopil region), which is a part of state enterprise Ukrspirt, the right to buy for UAH 17.7 million the company won at an online auction in October 2022.
The text of the respective permit No.306-r, dated December 22, 2022, was published on the Committee’s website on Tuesday.
According to the Uniform State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary of Timecool (till November 2020 – Business Star Group LLC) with the registered capital of 25 thousand UAH is Oksana Zakharova (earlier the company was owned by Sergey Afanasiev). This legal entity is engaged in the purchase, sale and lease of real estate, organization of building construction and non-specialized wholesale trade.
This company already has experience in privatization of assets of state enterprise “Ukrspirt” – in November 2021 it won the right to privatize Uladivskyi distillery (Vinnitsa region) for UAH 50,1 mln in an online auction “Prozorro.Selling”.
According to the State Property Fund (SPF), the only property complex Borschevsk distillery consists of 812 buildings, structures, movable and other property, including industrial buildings, bard storage facility, boiler room, distillery, fermentation and carbonic acid plants, pigsty, greenhouses, hangars, warehouses, garages, etc. The facility is equipped with basic technological equipment and the necessary utilities.
The enterprise is located on two plots of land in Borschev with a total area of 7.4 hectares.

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