The Government has already received UAH 608 million from the privatization of VinnytsiaPobutkhim
18 September 2025 14:33
The State Property Fund of Ukraine has successfully completed the privatization of 100% of shares in VinnytsiaPobutkhim PJSC, receiving UAH 608.1 million, which is twice the starting auction price. This is reported by "Komersant Ukrainian" with reference to the press service of the Fund.
The winner of the auction was AFINA-GROUP LLC. The privatized company previously belonged to a sanctioned Russian oligarch and was nationalized by the state.
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The funds will be used to rebuild Ukraine
All the proceeds from the sale have already been transferred to the state budget and will be used to help rebuild the country.
“This is a double victory for the state: we get rid of the influence of the aggressor country and at the same time receive more than UAH 600 million, which have already been transferred to the budget and will be used to restore the country,”
– said Ivanna Smachylo, acting head of the State Property Fund of Ukraine.
According to her, privatization shows that even in difficult conditions of war, the state can attract investments, save jobs and create new opportunities for business and economic development.
The new owner is obliged to fulfill all the conditions of privatization, which include job preservation and further development of the enterprise.
History of VinnytsiaPobutkhim privatization
The winning bidder, Athena Group, is owned by Ruslan Shostak and Valeriy Kiptyk, co-owners of the Eva chain and Varus supermarkets. They pledged to maintain the company’s core business for six months, pay off debts, and retain the staff.
Earlier, in September 2023, the Kyiv District Administrative Court overturned ARMA’s decision to select Kraytex-Service LLC, also owned by Ruslan Shostak and Valeriy Kiptyk, as the manager of VinnytsiaPobutkhim. The court ruling stated that the proposal of MDM, the main competitor in the tender, was more economically advantageous.
VinnytsiaPobutkhim specializes in the production of soap, detergents, cleaning and polishing products, has a registered capital of UAH 26.6 million and as of April 2025 had 16 employees.
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