September 21, 2017 12:50 PM ET

Beverages

Company Overview of Ukrspyrt

Company Overview

Ukrspyrt manufactures and markets alcoholic beverages including vodka. The company is based in Ukraine.

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Ukraine

Founded in 2010

Key Executives for Ukrspyrt

Ukrspyrt does not have any Key Executives recorded.

Ukrspyrt Key Developments

Privatization of SFGCU And Ukrspyrt Expected To Raise UAH 12.5 Billion; Investors Interested

Minister of Agrarian Policy and Food Oleksii Pavlenko expects to raise UAH 12.5 billion from privatization of State Food and Grain Corporation of Ukraine Public Joint-Stock Company (SFGCU) and Ukrspyrt in 2016. Investors from France, Germany and United States are ready to inject money in Ukrspyrt. Ukrspyrt factories that produce alcohol are of interest for foreign investors too, he added. Chinese and Arabs, as well as multinational traders show interest in buying SFGCU, he stated.

Ukrspyrt To Be Privatized

Ukrspyrt is to be transferred to State Property Fund of Ukraine by The Agricultural Policy and Food Ministry of Ukraine for privatization by the end of the year, Minister Oleksiy Pavlenko wrote on his Facebook page. Pavlenko said that the ministry has drawn up a draft law that defines the specifics of the legal regulation of the denationalization of spirit and vodka industrial enterprises and their operations after denationalization. The ministry is ready to transfer Ukrspyrt to the SPF by the end of this year for privatization," Pavlenko said. Acting Director General of Ukrspyrt Roman Ivaniuk told Interfax-Ukraine on November 6 that it was unlikely that Ukrspyrt would be privatized in the near future. "The concept of the privatization has not been agreed on. We are taking a glance from within a year after, and I don't believe privatization [will take place] in the near term," he said.

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