Oschadbank puts up for sale debts of Bakhmatiuk's agricultural holding for UAH 5 billion

The State Savings Bank (Oschadbank) has put up for sale a pool of loans of the Ukrlandfarming group of companies owned by businessman Oleh Bakhmatiuk for a total amount of UAH 4.99 billion.

This is stated in the bank's message in the Prozorro.Sales system, Ukrainian News Agency reports.

The auction for the sale of assets will be held on April 14 in the Prozorro.Sales system according to the "Dutch model", that is, with a price reduction, which during the bidding may decrease from UAH 4.99 billion to UAH 2.59 billion.

This concerns the sale of the right of claim under credit agreements concluded with PrJSC "Rise-Maximko", PrJSC "Agroholding Avangard", LLC "Imperovo Foods" (part of the Ukrlandfarming group of companies) and security agreements under them, as well as with LLC "Pakko Holding".

To secure the fulfillment of obligations under these loans, production assets have been registered throughout Ukraine, including elevators, poultry farms, an egg processing plant, etc., as well as guarantees from individuals and legal entities.

The collateral for the loans is the property complexes of two poultry farms of Agroholding Avangard and Imperovo Foods, an elevator, a seed factory, a poultry farm of the company Rise-Maximko, as well as a number of real estate properties of Pakko Holding.

As Ukrainian News Agency earlier reported, on January 30, 2025, the Pecherskyi District Court of Kyiv ruled to recover UAH 1.221 billion from the former owner of PJSC VAB Bank, Oleh Bakhmatiuk, in favor of the National Bank.