The State Property Fund has put the Uhersʹkyy distillery in the Lviv region up for sale in a privatization auction, the starting price of the asset is UAH 42.2M ($1.15M).
The enterprise is capable of a full production cycle of ethyl alcohol from natural raw materials. The production capacity of ethyl rectified alcohol is 22,000 liters per day. Ethanol produced by the enterprise can be used in the production of household chemicals, solvents, antiseptics, and cosmetic products. The company has accumulated significant debt to both the state budget and employees for UAH 381.7M ($10M).
The distillery’s privatization will seek an efficient private owner that will repay the accumulated debt and attract development investment to the enterprise. The new owner must keep the existing employees’ jobs and pay the company’s debts within six months. The privatization auction is scheduled for July 12.