State Property Fund Offers for Sale Packaging Plant Seized from Russian Oligarch

The Ukrainian State Property Fund has announced an auction for the sale of PentoPak PrJSC, which used to be owned by a Russian oligarch.

“The Ukrainian State Property Fund has approved the starting price of PentoPak Plant at UAH 203.7 million. The privatization lot will be listed in the Prozorro.Sale system as soon as today. The auction has been scheduled for May 31, 2024,” the report states.

The above asset was seized from the family of Ivan Savvidi, a Russian oligarch of Greek origin, who has close ties to the leadership of the Russian Federation and shows support for the occupation authorities within the temporarily occupied areas of Ukraine.

PentoPak provides a full cycle of packaging production for products in the meat processing industry, using the advanced technologies, such as high-quality printing with UV, water, alcohol-based inks. PentoPak’s customers include the famous Ukrainian brands, namely Rud, Globino, Meat Guild [Miasna Hildiia], as well as ordering parties from more than 30 countries.

- Ukrinform