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The latest property of state alcohol producer Ukrspyrt was sold at auction yesterday for $2 million

Friday, December 25, 2020
The latest property of state alcohol producer Ukrspyrt was sold at auction yesterday for $2 million

The latest property of state alcohol producer Ukrspyrt was sold at auction yesterday for $2 million, almost double the asking price, reports the State Property Fund. With almost half of Ukrspyrt’s 41 properties now sold, the Fund calculates that the state will net $70 million from the privatization. Starting next July, the only way a private investor can start new alcohol production in Ukraine is to produce from a property privatized from Ukrspyrt.

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