KYIV. Oct 20 (Interfax-Ukraine) – An announcement about the search for an investor in PJSC Creativ (formerly part of the eponymous agro-industrial group) with a debt of UAH 19.389 billion has been published in the Holos Ukrainy newspaper.
According to the report, on June 6, 2016 the Kyiv Economic Court opened a case on the bankruptcy of PJSC Creativ.
Arbitration manager Vadym Kyzlenko has been appointed property administrator.
The investor’s proposals for Creativ should include confirmation of the possibility of renewing the solvency of the company with indication of the source of financing, a plan for restructuring and debt repayment, a plan to resume the economic activities of the company.
Proposals must be submitted by November 10, 2017.
The announcement also indicates contacts for submission of proposals.
As reported, until 2016 Creativ had been one of the largest producers of fat and oil goods in Ukraine. The group consisted of three sunflower processing plants with a total capacity of about 1.1 million tonnes of seeds per year, as well as four plants for production of modified fat and margarine with a total annual output of more than 200,000 tonnes of finished products (Kirovohrad region). It also had a soybean processing plant with a capacity of 270,000 tonnes per year. The company owned eight elevator complexes in Kirovohrad, Mykolaiv, Kyiv and Dnipropetrovsk regions, crop farms and a livestock complex.