Obolon CJSC - History

History

The company's main brewery was built in 1980 according to designs made by Czech engineers, near an artesian well in Kiev's Obolon district. Initially called Kiev brewery #3, it acquired the name "Obolon" in 1986. In 1992, Obolon became the first privatized company in independent Ukraine and registered its corporate brand Obolon (Ukrainian: Оболонь). The shares of company stock were distributed among its employees. In 1993, Obolon changed its legal status to a closed joint-stock company (currently it's a private joint stock company under present legislation). In 1997, Obolon obtained a $40 million loan from the European Bank for Reconstruction and Development, which the company used to significantly expand its production capacities.

In 2009 Obolon obtained a further $50 million loan from the European Bank for Reconstruction and Development towards financial stability and increased energy efficiency.

Oleksandr Slobodian, the CEO and veteran of the company is also a national politician. He is a member of the Verkhovna Rada and has represented the conservative People's Movement of Ukraine for three consecutive sessions.

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