What new investment opportunities are arising within the framework of privatization?

The State Property Fund of Ukraine (SPFU) is preparing to privatize the Vinnytsiapobuthim enterprise, which manufactures goods under the trademarks Vukhastyk, Sarma, and Lotos, said Ivanna Smachylo, the head of the State Property Fund.

The SPFU has received approval from most ministries to include the asset in the list of large privatizations. Next, the auction commission must approve the terms of the sale, followed by the government’s agreement. Therefore, the enterprise will be auctioned in a month or two.

Vinnytsiapobuthim was previously owned by the Russian company Nevskaya Kosmetika. In July 2022, the company’s assets were seized and transferred to ARMA’s management. The asset manager was the Kraytex-Service company, which resumed one line of cleaning product production at Vinnytsiapobuthim in July 2023.

In June 2024, the Ministry of Justice initiated the enterprise’s transfer to the state, and at the end of July 2024 the Supreme Anti-Corruption Court permitted the nationalization of the manufacturer.