Winery in Odessa region put up for privatization: what is known about the auction
26 February 18:01
The State Property Fund of Ukraine has announced an online auction for the privatization of the single property complex of the structural unit of the Saratsky Winery in the Odesa region. The auction will take place on the Prozorro.Prozori system on March 10.
This is stated in a message on the State Property Fund’s website, reports "Komersant Ukrainian".
The starting price is UAH 10,168,586 excluding VAT. Applications can be submitted until March 9, 20:00.
What is being sold
This is a production complex for grape processing and wine production. It includes:
- over 1,181.5 m² of real estate (administrative building, workshop, warehouses, garage, boiler room, and other structures);
- a land plot with an area of 1.57 hectares (under a lease agreement);
- 114 units of movable property — production and technological equipment, tanks, energy and utility equipment.
The property is leased by Dorinvest LLC, which is engaged in the production of grape wines. According to the Fund, the enterprise is operational and has demonstrated confirmed sales of over UAH 180 million in recent years.
The SPF states that this is an “opportunity to acquire a ready-made production base” for scaling up the business or entering the processing industry with minimal start-up risks.
What is known about privatization
Back in December 2019, the Cabinet of Ministers of Ukraine transferred a number of state-owned properties to the Fund for further privatization, including the Saratsky Winery.
Previous experience with wine privatization in the region has shown that competition can significantly increase the price. In 2021, the Odessavynprom property complex was sold for UAH 234.9 million — 3.6 times more than the starting price.
Whether a similar scenario will repeat itself with the Saratsky plant will depend on investor interest and the state of the industry.
Why it matters
Wine production is one of the traditional industries in southern Ukraine, but it has suffered significant losses due to the war, logistical difficulties, and reduced exports. For the state, privatizing such assets is a way to attract investment and reduce the burden on the budget.
For investors, it is a chance to acquire a ready-made production site with well-established processes.
