The AVK confectionery factory (Dnipro) was sold on September 15 through the OpenMarket electronic trading system – SETAM for debts, and its owner became the Kyiv-based Ilaris LLC, according to the auction website.
According to the SETAM website, the auction included the factory premises with an area of 37,847 thousand square meters worth UAH 92 million, two diesel locomotives with three cars, and 14 loaders. The starting price was UAH 1,262,639,922.64.
Eight participants took part in the auction. Four bids were rejected at the start due to non-payment of the guarantee deposit.
Ilaris LLC won the auction with a bid of UAH 50.004 million for the lot.
Ilaris was registered on August 4, 2025. It specializes in the rental of real estate. Its authorized capital is UAH 50. The company employs one person. The ultimate beneficiary is Marina Rytska. She also owns 18 companies specializing in the rental and operation of owned or leased real estate.
As reported, the decision in case No. 905/2852/16 on the bankruptcy of PJSC “AVK,” adopted on July 8 by the Commercial Court of Donetsk Region, was published in the Unified State Register of Court Decisions on July 12, 2021. The regional commercial court, composed of Judge Maxim Leiba, considered in open court the case materials on the application of the creditor LLC “Rustok” (Donetsk) to the debtor – PJSC ‘AVK’ with the participation of representatives of creditors JSC “Oschadbank”, Prominvestbank PJSC, and Raiffeisen Bank Aval JSC.
Based on the results of an analysis of the financial and economic condition of the enterprise conducted in 2020, the court established that the level of solvency loss of AVK over the past three years excludes the possibility of applying the reorganization procedure to the debtor. The debtor’s financial and economic condition is characterized by supercritical insolvency, and therefore, creditors’ claims can only be satisfied through liquidation proceedings.
The Commercial Court then clarified that the ruling would take effect on July 8, 2021, and could be appealed in the Eastern Commercial Court of Appeal through the Commercial Court of Donetsk Region by filing an appeal.
By a decision dated October 20, 2016, the Commercial Court of Donetsk Region opened bankruptcy proceedings against AVK at the request of Rustok LLC (Donetsk) and initiated the procedure for disposing of the debtor’s property for a period of 115 calendar days.
After the announcement of bankruptcy was published in October 2016, the following entities filed monetary claims with the court for a total amount of UAH 2.2 billion: PIB – UAH 1.9 billion, VBR – UAH 638.8 million, Raiffeisen Bank Aval – UAH 521.9 million, and Oschadbank – UAH 5.1 thousand.
The Commercial Court of Donetsk Region repeatedly postponed the consideration of the AVK bankruptcy case, in particular due to economic expert examinations, and also closed the case in connection with the filing of appeals by AVK and Oschadbank to the Higher Commercial Court, which were rejected in May 2017 and July 2018, respectively.
AVK is one of the largest confectionery manufacturers in Ukraine, founded in 1991. AVK is owned by Volodymyr Avramenko and Valery Kravets. It includes a confectionery factory in Dnipro. It also owned factories in Donetsk and Luhansk, control over which has been lost.
AVK produces a wide range of products: chocolate, caramel products, cookies, waffles, croissants, and salty snacks. The company exports its products to more than 60 countries around the world.
The ultimate owners of AVK are Valery Kravets and Vladimir Avramenko, who currently reside in the Kyiv region. Avramenko was a member of the Ukrainian parliament from the Donetsk region from 2002 to 2006. Kravets served as Minister of Agrarian Policy and Food of the Autonomous Republic of Crimea from November 2010 to April 2013. The co-owners of AVK Confectionery are Volodymyr Avramenko and members of his family.
Prominvestbank belonged to the Russian state-owned company VEB.RF (formerly Vnesheconombank). In 2022, Prominvestbank in Ukraine was nationalized and removed from the market. Accordingly, the proceeds from the sale of property in Dnipro will be received by the Deposit Guarantee Fund (DGF), which manages the bank in liquidation. The funds will be used to settle with the creditors of Prominvestbank, which was operating at a loss.
PrJSC Kyiv Confectionery Factory Roshen, a part of Roshen Corporation, intends to increase its authorized capital by 33.2%, or UAH 500 million, to UAH 2.006 billion through an additional share issue.
According to the company’s announcement in the NSSMC’s information disclosure system, the investor will be its subsidiary Confectionery Corporation Roshen, which already owned 96.9017% of the shares at the end of the first quarter of this year.
Taking into account the additional issue, the share of the majority shareholder may reach 97.674%.
It is specified that the shareholders’ meeting will consider the issue of increasing the authorized capital on August 16 this year, in particular, the non-use of the shareholders’ preemptive right to purchase shares of the additional issue and its implementation in one stage.
In total, it is planned to issue 2 billion ordinary registered shares with a par value of UAH 0.25, with the sale price to be determined by the Supervisory Board.
Roshen Corporation is one of the top 30 largest confectionery manufacturers in the world. It includes Kyiv, Kremenchuk, two Vinnytsia confectionery factories and Vinnytsia Dairy Plant, a biscuit complex in Boryspil (Ukraine); Klaipeda Confectionery Factory (Lithuania) and Bonbonetti Choco factory (Hungary). Production activities at the Lipetsk factory (Russia) have been suspended since April 1, 2017.
The corporation produces about 320 types of confectionery products. The total production volume reaches 450 thousand tons of products per year.
Roshen’s network of branded stores in Ukraine includes about 70 stores in different regions of the country. The first one was opened in 2009 in Kyiv.
In 2022, PrJSC Kyiv Confectionery Factory Roshen posted a net loss of UAH 984 thousand compared to UAH 25.779 million in profit a year earlier, while the company’s revenue decreased from UAH 979.286 million to UAH 903.195 million.
The ultimate beneficiary of the company is Oleksiy Poroshenko, the son of former President of Ukraine Petro Poroshenko.
JSC “Lvov confectionery factory “Svitoch” (Lviv), controlled by Nestle and one of the largest manufacturers of confectionery products in Ukraine, will change its legal form of business from a joint-stock company (JSC) to a limited liability company (LLC).
The corresponding decision at the meeting on July 8 was made by the sole beneficiary owner of the enterprise – the company “Societte De Produit Nestle S.A.” (Societe Des Produits Nestle S.A.), according to the NCKBFR website on Tuesday.
“First of all, we want to assure you of the continuity and continuity of our business activities. We have no plans to stop such activities. On the contrary, the simplification of the company’s management system will lead to an improvement in the efficiency of such management,” the company said in a statement.
“Svitoch” clarified that all obligations assumed by it in accordance with the law and agreements with partners remain in force and will be fulfilled in full and within a certain period – either JSC “Lviv Confectionery Factory “Svitoch”, or its successor LLC “Lvivskaya confectionery factory “Svitoch”
Nestlé owns a 96.96% stake in the Svitoch confectionery. The Nestle group of companies in Ukraine also unites Nestle Ukraine LLC, Volynholding PrJSC (Torchin TM), Technocom LLC (Mivina TM).
Svitoch received UAH 70.44 million in net profit in 2020, and its revenue amounted to UAH 2.56 billion.
Delicia confectionery factory (Bucha, Kyiv region) plans to re-equip the existing production of flour products (rusks and dry biscuits, flour pastries, waffles, etc.), which will increase production capacity to 28,000 tonnes annually, according to the Unified National Environmental Impact Assessment Registry of the Ministry of Environmental Protection and Natural Resources of Ukraine.
The company plans to install new production lines in the existing production – one Gourmetback tunnel gas furnace and six similar furnaces in a new production and storage facility.
The confectionery is also considering an alternative project – the reconstruction of the existing production and the construction of a new workshop for the production of pastries with a total capacity of 40,000 tonnes per year.
According to the registry, the main positive social and economic parameters of this production are an increase in tax revenues to the budget, an increase in jobs by a third to 900, and the development of the region’s infrastructure.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary of the factory is Polish citizen Robert Sekera.
There are no company’s financial statements for 2020, but in 2019 its revenue increased by 4.3% compared to 2018, to UAH 510.63 million, net profit by 1.7 times, to UAH 22.83 million, retained earnings by 28%, to UAH 109.34 million, and current liabilities decreased by 8.7%, to UAH 46.28 million.
According to the data on the confectionery factory’s website, it produces more 60 kinds of sugar, butter, aerated butter biscuits, wafers and cooked gingerbreads. The products are presented in branded stores and major retail chains in Ukraine.
Delicia exports its products to more than 20 countries of the world.
