Ukraine would be able to earn from $200 million to $400 million from privatization of state-run enterprise Ukrspyrt, Agricultural Policy and Food Minister of Ukraine Taras Kutoviy said.
“If my team manages to do this, we would be part of history for sure. We have all legal mechanisms for this. I think that the state will be able to earn from $200 million to $400 million from the sale of Ukrspyrt corporation”, the minister said.
Kutoviy said that a bill on the specifics of privatization of spirit and alcohol industry enterprises envisaged that the distilleries would be sold to alcohol producers who would have an exclusive right to produce spirits during five years. The distilleries that would not be interesting for investors would be offered to producers of alternative fuel or as a site for other production activities.
Earlier in June Head of Ukraine’s State Property Fund Ihor Bilous said that the fund was ready to accept Ukrspyrt for further privatization.
Ukrspyrt is a large spirits producer in Ukraine. Its production capacity is 31.3 million decaliters a year. It incorporates 41 production sites. (Interfax/Business World Magazine)