Business news from Ukraine

Business news from Ukraine

State Property Fund of Ukraine has re-put up for privatization Gannopil distillery

The State Property Fund of Ukraine (SPFU) has re-put up for privatization the Gannopil distillery in Khmelnytsky region, the press service of the agency reports.

“This is the second attempt to sell the Gannopil distillery. At the previous auction, the investor offered UAH 2.6 million, but did not pay for the lot and lost UAH 400 thousand of the guarantee fee,” the SPF reported.

The agency reminded that the alcohol industry enterprises can produce alcoholic beverages, soda, solvents for the chemical industry and bioethanol.

According to the report, the Gannopil distillery started its operations in 1928. The company could potentially produce 20 thousand liters of alcohol per day. However, the plant has not been operating since 2011.

The area of the distillery’s premises is 10,208 thousand square meters, which includes 62 buildings: administrative offices, warehouses, workshops, workshops, alcohol storage facilities and wells.

In addition to the winning bid, the new owner has to pay UAH 16.2 million in debts to employees and the budget.

The starting price of the enterprise is UAH 3.8 million.

The auction is scheduled for August 31.

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