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17
January
2023

Elixir Ukraine associated with Vimeksim group wins privatization tender to buy Ust-Dunaisk port for UAH 201 mln

KYIV. Jan 17 (Interfax-Ukraine) – On Tuesday, the State Property Fund (SPF) sold the seaport for the first time at an online privatization auction on the Prozorro.Sales platform: the cost of the Ust-Dunaisk port more than tripled, from UAH 60.01 million to UAH 201 million.

According to the information in the system, eight participants competed for the port, and the winner was Elixir Ukraine LLC, associated with the Vimeksim group operating in the grain market: it was ahead of Vostok Trading Company LLC and Ukrdoninvest, which were also willing to pay over UAH 200 million for the port.

Metallbud Alliance LLC, Sanerston, Tibex and Concorde Factoring Financial Company stopped at slightly above UAH 150 million, and Citadel Development LLC at UAH 110 million.

As the State Property Fund said, from April 1, 2022, the port resumed operation and since then has transshipped 153,000 tonnes of grain and 58,300 tonnes of imported consumer goods for export with a design capacity of 4.1 million tonnes.

"This is the first port privatized in the ProZorro.Sales system. It’s a milestone event that shows that the state is ready. Competition is more than twice as high as the average at privatization auctions, and a multiple price increase is confirmation of the readiness of businesses to compete for such assets," Director of the state-owned enterprise ProZorro.Sales Oleksiy Sobolev is quoted in the report of the State Property Fund.

The Fund said that the winner has 20 working days to pay the cost of the lot after the day the auction ends. Only after the receipt of funds in the budget, a contract of sale is signed.

The port itself consists of three assets: the port in the city of Vylkove, Odesa region, the Kiliia port station in the city of the eponymous name, and the service base for special lighter carriers. Direct loading and unloading operations are carried out at the port point of Kiliia located at 54th km of the Danube River. The passport depths at the berth are 3 meters, and actual depth is 1.5 meters.

Elixir Ukraine LLC, according to information on the website, is engaged in the wholesale trade of chemical products, since 2016 it has been the official representative of the Serbian manufacturer of complex mineral fertilizers Elixir Zorka.

Company revenue in January-September 2021 amounted to UAH 666.87 million, and net profit reached UAH 50.06 million.

The company is headed by Oleksandr Vikhrenko, and the owner of Vimeksim, Valeriy Vikhrenko, is the beneficiary of the company.