Business news from Ukraine

Business news from Ukraine

Dmytro Natalukha appointed head of State Property Fund

The Verkhovna Rada has appointed Dmytro Natalukha as head of the State Property Fund.

A total of 244 MPs voted in favour of the corresponding resolution No. 14379 at a plenary session of the Verkhovna Rada on Wednesday.

Until now, Natalukha headed the parliamentary committee on economic development (Servant of the People faction).

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Ukraine’s State Property Fund plans to sell Ukraine’s oldest enterprise

The State Property Fund of Ukraine (SPF) has included Drohobych Saltworks in the list of enterprises to be privatized, the saltworks said on Facebook.

“Unfortunately, the enterprise cannot recover on its own, as it pays 80% of its net profit as dividends, and it has almost no funds left for recovery. Therefore, it is important to find effective solutions to preserve our heritage,” – noted in the message.

The management of the enterprise believes that the purchase of the enterprise by a private investor or transfer to the regional or city municipal ownership is one of the effective ways to preserve and restore the property. In this case, the entire income can be directed to the development of the enterprise and attract funds from outside.

“The management is ready to do everything possible to continue salt production. And yes, it is real! We will take care that the conditions of privatization include the continuation of Drohobych salt production”, – stated in the message.

Drohobych saltworks is the oldest enterprise in Ukraine, which began production in 1390. Salt at the plant is boiled from brine, which is extracted from the subsoil. Currently, the enterprise produces two types of products: “Boiled iodized kitchen salt” and “Boiled kitchen salt without additives”. After the beginning of hostilities in the East, this is practically the only enterprise in Ukraine, which is engaged in salt production. The leading retail chains of the country have established cooperation with it. Since 2019, the plant is actively developing tourism.

 

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State Property Fund of Ukraine sold meat casing plant “Pentopak”

The State Property Fund (SPF) of Ukraine carried out the debut sale of the nationalized plant: at the repeated auction in the system “Prozorro.Sales” was sold for 103.11 million UAH plant for the production of meat casing PJSC “PentoPak” (Boryspil), said the head of the SPF Vitaly Koval.
“The buyer has 20 days to pay the cost of the lot. In addition to the proposed cost, the investor has already paid a guarantee fee of UAH 20.375 million”, – he said in Telegram.
The head of the FGI reminded that “PentoPak” was confiscated from the family of Russian-Greek oligarch Savvidi, and the funds from its sale will go to the restoration of our state in the Fund for the elimination of the consequences of Russian aggression.
The buyer was Lonikos LLC (Kiev), whose director is Larisa Ashkinazi.
According to the Opendatabot, the main activity of the company is renting and operating its own or leased real estate. Also “Lonikos” is engaged in non-specialized wholesale trade and activities of intermediaries specializing in trade in other goods.
As reported, on May 31, after the first fruitless auction scheduled on “Prozorro.Sales”, the plant was put up for a second auction at a halved price – for UAH 101.87 million.
The FGI reported that the plant provides a full cycle of production of packaging for meat processing products. “PentoPak” produces multi-layer synthetic shrink casing, using advanced technologies. The company’s customers include well-known Ukrainian brands such as Rud, Globino, Meat Guild, as well as customers from more than 30 countries.
The enterprise has preserved 193 jobs, has no debts on wages and to the budget. The company plans to modernize production and enter new markets of packaging materials for the dairy industry, fish processing and animal feed packaging.
Earlier, in February 2024, the SACS decided to confiscate Savvidi’s property and transfer 100% of PentoPak shares to the State Property Fund, as the oligarch has close ties with the Russian leadership and supports the occupation authorities in the temporarily seized territories of Ukraine.

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State Property Fund of Ukraine again puts up for auction plant for production of meat casing “Pentopak”

The meat casing plant PentoPak PJSC (Boryspil) after the first fruitless auction, scheduled on “Prozorro.Sales” on May 31, is put up for a second auction at a halved price – for UAH 101.87 million.

According to information on the site “Prosorro.Sales”, a new auction is scheduled for June 10.

As reported, on May 6, the State Property Fund (SPF) of Ukraine approved the starting price of PentoPak PJSC, recovered from Russian sub-sanctioned oligarch Ivan Savvidi, in the amount of 203.7 million UAH.

As noted in the FGI, the plant provides a full cycle of production of packaging for meat processing products. “PentoPak” produces multi-layer synthetic shrink casing, applying advanced technologies. Among the clients of the enterprise are well-known Ukrainian brands such as “Rud”, “Globino”, “Meat Guild”, as well as customers from more than 30 countries of the world.

The enterprise has preserved 193 jobs, has no debts on wages and to the budget. The company plans to modernize production and enter new markets of packaging materials for the dairy industry, fish processing and animal feed packaging.

Earlier, in February 2024, the SACS decided to confiscate Savvidi’s property and transfer 100% of PentoPak shares to the State Property Fund, as the oligarch has close ties with the Russian leadership and supports the occupation authorities in the temporarily seized territories of Ukraine.

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Auction for sale of Ocean Plaza shopping mall is being prepared

The Auction Commission has set the starting price of privatization of the state share (66.65%) in the authorized capital of LLC Investment Union Lybid, which owns Ocean Plaza shopping mall, at UAH 1.65 billion, the press service of the State Property Fund (SPF) reported.
According to the report, the starting price and terms of sale should be approved by the Cabinet of Ministers of Ukraine, FGI will prepare a draft of the relevant decision.
After the government approves the starting price, the date of the auction will be set, the agency said. The state share in the authorized capital will be put up for electronic auction in the system “Prozorro.Sales”.
As reported, the FGI plans to hold an auction on privatization of shopping mall Ocean Plaza in the second half of the year.
Ocean Plaza shopping mall was opened in Kiev in December 2012 on Antonovycha Street, 176. Its total area is 165 thousand sq. m. Investments in the facility amounted to about $300 mln. UDP Company and K.A.N. Development LLC acted as partners in the development of the project.
The mall was sold to Arkady Rotenberg’s Russian TPS-Nedvizhimost in 2012. Later, in 2019, Ukrainian businessman Vasyl Khmelnytsky indirectly through UPD Holdings Limited acquired a 33.5% stake in Ocean Plaza mall. In 2021, he sold his stake to entrepreneur Andrey Ivanov. The deal was finalized in summer 2023.
In June 2023, the Cabinet of Ministers transferred to the FGI a 66.65% stake in the authorized capital of Investment Union Lybid LLC, which owns the shopping mall, for further privatization.

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State Property Fund of Ukraine sold complex of premises of Uman Correctional Colony for UAH 29 million

The State Property Fund of Ukraine (SPFU) has sold a complex of buildings of the Uman Correctional Colony for UAH 29 million at a privatization auction, which is 194 times higher than the starting price.

According to SPF Chairman Vitaliy Koval on Facebook, 42 companies and entrepreneurs participated in the auction. The starting price of the lot was UAH 149.4 thousand.

According to the results of the auction on the Prozorro.Sale website, the winner of the auction was Borys Pakholyuk. According to Clarity Project, he owns a number of agricultural enterprises and farms in Cherkasy and Odesa regions.

The lot includes a complex of non-residential buildings and structures with a total area of 3.1 thousand square meters and a land plot of 0.59 hectares. The property had not been used for more than 20 years.

Koval reminded that the Ministry of Justice transfers unused penitentiary institutions to the SPF for further privatization.

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