Ukraine's State Property Fund / Photo from UNIAN, by Volodymyr Hontar
Ukraine's State Property Fund (SPF) has put the third distillery of the country's state-run alcohol giant, Ukrspyrt, with a starting price of UAH 19.84 million (US$703,796) up for sale at an auction.
Read alsoUkrspyrt: Ukraine overcomes antiseptics shortage amid COVID-19 pandemic"The Ovechatsky production site is located in Vinnytsia region. It is the third facility of Ukrspyrt that has been put up for sale at an auction within the privatization campaign," Ukrspyrt's press service said on September 23.
According to the report, the auction will be held at the ProZorro.Sale electronic platform on October 22, 2020.
Background
- On December 3, 2019, the Verkhovna Rada, Ukraine's parliament, passed a bill to liberalize alcohol production and abolish a government monopoly in the alcohol industry.
- State-owned Ukrspyrt, which was set up on the basis of a consortium with the same name in 2010, holds a monopoly on alcohol production in Ukraine. The government has already launched its privatization, which is expected to be completed by July 1, 2021. Over 40 distilleries that are part of the enterprise are to be put up for sale.
- In September 2020, the State Property Fund launched the privatization campaign in the alcohol industry.
- The SPF put up for sale the Nemyriv distillery (Vinnytsia region) on September 15 and the Artemivsky distillery (Kharkiv region) on September 17. The auctions are to take place in the second half of October 2020.