The State Property Fund will not allow manipulation of the concluded privatization agreements

As part of the demonopolization of the alcohol production market, the State Property Fund held 20 privatization auctions for UAH 1.3 billion, and 9 winners of online auctions have already paid and received alcohol assets without any comments.

These objects, which were privatized first, are non-working places of alcohol production, all its property is under the protection of SOE “Ukrspyrt”.

The State Property Fund disclosed all information on privatization assets online and provided equal access to information on privatization objects on the "everyone knows everything" basis. Physical access to the object was also provided. Thus, everyone had the opportunity to be informed on the object data and make a considered decision to participate in the auction.

At the same time, company “Zernoff”, which won the auction for the privatization of the Marylivske operating location and alcohol storage of SOE “UKRSPYRT”, had to transfer funds for the purchased lot within 2 months. However, at the moment the funds for the lot have not been paid.

Instead, the company’s representatives appealed to the court regarding the alleged lack of separate equipment and documentation at the Marylivske operating location and alcohol storage of SOE “UKRSPYRT”.

In order to protect the interests of investors, on January 21, 2021, SOE “Ukrspyrt” conducted a survey of the territory and assets of the Marylivske operating location and alcohol storage.

According to the results of the inspection, the presence of all non-current assets, including those marked as missing and/or unidentified, at the Marylivske operating location and alcohol storage of SOE “UKRSPYRT” was confirmed, as well as the compliance of technical areas of buildings declared for privatization with relevant technical documents.

In view of the above, the company’s appeal to the court can be interpreted as an attempt to return the guarantee fee and not pay the remaining funds, as evidenced by the constant postponement by the investor of the moment of payment for the asset.

The State Property Fund stands on the side of virtuous investors and protection of the state interests, and therefore will not allow manipulation of already concluded agreements and will protect the interests of the state in the ways provided by law.