Business news from Ukraine

UKRAINE PUTS 10 DISTILLERIES UP FOR SALE IN NOV

The State Property Fund of Ukraine (SPF) put 10 distilleries up for an online auction on the Prozorro.Sale platform in November.
According to the post of Head of the State Property Fund Dmytro Sennychenko on Facebook on Monday, the initial sale prices for lots are from UAH 8 million to UAH 54 million.
“In October, in just half a month, we have got an excellent takeoff. Six objects of the state-owned enterprise Ukrspyrt have already found new owners at privatization auctions and brought more than UAH 268 million to the state budget. The price that is formed by the market and which sometimes swells two or three times, this is the main characteristic that now unites alcohol privatization,” he wrote.
As reported, President of Ukraine Volodymyr Zelensky on December 11, 2019 signed a law on abolishing the state monopoly on alcohol production from July 1, 2020, adopted by the Verkhovna Rada on December 3, 2019.
The debut auction for the privatization of the first object of the state-owned enterprise Ukrspyrt Nemyriv distillery (Vinnytsia region) was held on October 15. The plant was sold to LVN Limited LLC, shareholders of Nemiroff, for UAH 55.08 million, which is UAH 5 million higher than the starting price. The winning company was the only one to apply to participate in the auction.
On the whole, starting from October 15, six Ukrspyrt’s plants have been successfully privatized at online auctions. Two auctions did not take place. As for distilleries, they will be put up for re-bidding with a reduction in the starting price.
The SPF expects to attract about UAH 2 billion from the privatization of distilleries of the state-owned enterprise Ukrspyrt and the concern Ukrspyrt.

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STATE PROPERTY FUND OF UKRAINE PUTS MARYLIVSKY, KOZLIV DISTILLERIES UP FOR SALE

The State Property Fund of Ukraine (SPF) has announced the holding of auctions for the privatization of the Marylivsky and Kozliv distilleries and the storage of alcohol belonged to the state-owned enterprise Ukrspyrt (both in Ternopil region).
According to a statement on the SPF website, the privatization auction of the Marylivsky distillery will take place on November 12, 2020.
The starting price of the facility is UAH 54.7 million.
The auction for the privatization of the Kozliv distillery will take place on November 13, 2020.
The starting price of the facility is UAH 37.6 million.

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STATE PROPERTY FUND OF UKRAINE PUTS UP FOR SALE 210 SMALL PRIVATIZATION LOTS

The State Property Fund of Ukraine (SPF) has put up for sale 210 lots of small-scale privatization worth over UAH 113 million, Acting Chairman of the SPF Vitaliy Trubarov said on Facebook. The majority of the companies subject to privatization are situated in Vinnytsia, Poltava, and Lviv regions, while the most expensive lots are in Zaporizhia regions, according to Trubarov’s post. “A potential buyer has 30 to 35 days since the date of the offer for sale to submit documents, make a guarantee deposit, check the facility, its technical and financial reports,” he said.
Some 200 small-scale privatization auctions are scheduled for September. As reported, small-scale privatization involves the sale of state-owned or municipal property, the value of which does not exceed UAH 250 million. The SPF has fully completed including 716 facilities subject to small-scale privatization in 2018 in the ProZorro.Sale base.

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STATE PROPERTY FUND HEAD SIGNS ORDERS ON 22 LARGE OBJECTS PRIVATIZATION

Acting Head of the State Property Fund of Ukraine (SPF) Vitaliy Trubarov has signed orders on the privatization of 22 large facilities. “There is no way back. The fund signed 22 orders for the privatization of large facilities. This is the first large list of enterprises for sale for the last ten years,” he said on Facebook. As reported, the SPF intends by July 1 to declare tenders for the selection of advisors for the privatization of 22 facilities.
At the end of May, the Cabinet of Ministers of Ukraine published a list of enterprises of “big” privatization for 2018, which included 23 enterprises. The approved list, in particular, included five regional energy companies, Centrenergo, Odesa Port-Side Chemical Plant, Turboatom, Zaporizhia Titanium and Magnesium Combine, United Mining and Chemical Company, and Sumykhimprom.

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