Business news from Ukraine

Business news from Ukraine

Kamianske distillery in Cherkasy region is up for auction for UAH 6.6 mln

The State Property Fund (SPF) of Ukraine has put up for privatization the Kamianske distillery in Cherkasy region, the press service of the agency reports.

It is specified that the starting price of the enterprise is UAH 6.6 million. The auction will be held in the Prozorro.Sale system on March 22, with bids accepted until March 21.

The facility includes 49 units of real estate and infrastructure (production, administrative, warehouse buildings and structures). The production area is 25,719.4 square meters.

According to the Charter, the main activity is distillation, rectification and mixing of alcoholic beverages. The average number of employees as of September 30, 2023 was seven. The company ceased operations in 2010 and does not carry out production activities. Property, plant and equipment are excessively worn out.

Accounts receivable as of September 30, 2023 amounted to UAH 3143 thousand; accounts payable amounted to UAH 9766 thousand, in particular: for goods, works, services – UAH 5803 thousand, for settlements with the budget – UAH 1487 thousand, for payroll settlements – UAH 1190 thousand, for insurance – UAH 510 thousand, other debts – UAH 786 thousand.

Kamianske Coke provides water supply, sewerage and electricity services to residential buildings, which are accounted for on the company’s balance sheet and are not subject to privatization.

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