State-owned Gruzvinprom winery auctioned for 31 million

09.10.2015. (Hvino News). State-owned winery Gruzvinprom, located in Gurjaani (Eastern Georgia), was sold at auction for 31.105.000 GEL (about 13 million US$).

100% of the company was offered for privatization in September. Auction ended on October 7. The starting bid for Gruzvinprom amounted to 11 million GEL.

The buyer is not currently known. The new owner must pay the full amount to the state until 2018.

Gruzvinprom possesses land plot of 46.906 square meters in Gurjaani, at 1, Kostava Street, with 26 buildings. View location:  ▼Map  .

The buyer is obliged within 2 years to invest no less than 1 million GEL into reconstruction of the plant towards production of alcoholic beverages and soft drinks. The buyer is expected from 2016 to 2019 to process annually at least 3000 tons of grapes.

© Hvino News

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