Business news from Ukraine

Business news from Ukraine

Bratinov plan to buy “Odessavinprom”

The owners of the well-known in the Odessa region “Champagne Ukraine” LLC Vasyl Bratinov and his father Ignat declared their intention to purchase 91.27% of the shares in Odessavinprom PJSC, the main owners of which are the Gulievs family.

According to the information in the disclosure system of the National Commission for Securities and Stock Market, currently there are no shares of “Odessavinprom” in the ownership of the Bratynovs.

Odessavinprom (Odessa) in its turn announced that this year on April 28 it will hold a remote annual meeting, the agenda of which apart from the traditional issues included questions about the early re-election of the Supervisory Board and the Auditor.

According to the announcement of the meeting, Odessavinprom in 2022 reduced its net loss by 1.7 times compared to the previous year – to 18.26 million UAH, resulting in an uncovered loss of 128.33 million UAH.

According to preliminary financial statements, last year the company decreased total receivables by 36.1% to UAH 64.13 million, current liabilities – 2.7 times, to UAH 105.68 million, getting rid of long-term liabilities by UAH 15.3 million.

As a whole the assets of Odesvynprom by the end of 2022 decreased by 13.1% and amounted to UAH 194.45 mln. The cost of fixed assets at residual value made UAH 27,47 mln. at the end of the last year. The company slightly increased its stock to UAH 69.76 mln and had only UAH 0.35 mln of free cash, compared to UAH 3.33 mln a year before.

According to the disclosure system of the National Commission on Securities and Stock Market, the shareholders of Odessavinprom at the end of 2022 were Shota Guliev with 24.86% of shares, Robert Guliev – 19.09%, Diana Guliev – 14.9%, Karen Guliev – 14.9% and Vladimir Maslenikov – 12.8%.

According to opendatabot, the Bratinovs also own the farm “Kulevcha” which specializes in the cultivation of cereals, industrial crops and grapes, “Dnistro-Hybrid” LLC, “Unity of Nations” SVK and a number of other agrarian enterprises.

Last year, according to opendatabot, “Champagne Ukraine” decreased revenues by 42.8% – to 73.7 million UAH, and net profit – in 5.6 times, to 7.28 million UAH. Odessavinprom had revenues of 137.06m hryvnias last year.

,