Champagne factory in Crimea to be privatized

Champagne factory in Crimea to be privatized
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The Crimean factory of sparkling wines “Novyi Svyet” will be privatized, the Minister of Property and Land Relations of the Republic, Anna Anokhina, announced on Tuesday.

“Privatization of a state unitary enterprise of the Republic of Crimea, the factory of sparkling wines “Novyi Svyet”, is carried out by transformation of the enterprise into a joint-stock company, 100% shares of which will remain in state ownership of the Republic of Crimea. This method of privatization is stipulated by the federal law,” Anna Anokhina said at a meeting of the Crimean government.

This factory producing local champagne has been included in the list of objects subject to privatization in the year 2017.