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Oschadbank fails to sell debts of Bakhmatiuk’s agricultural holding for UAH 5 billion even with 50% discount

The State Oschadbank failed to sell the pool of loans of the Ukrlandfarming group of companies of businessman Oleh Bakhmatiuk for a total amount of UAH 4.99 billion.

It was reported in the Prozorro.Sales system, the Ukrainian News agency reports.

The auction for the sale of assets, scheduled for April 14, did not take place due to the lack of applications from potential participants.

The bidding was to take place according to the Dutch model, that is, with a price reduction, which could drop to UAH 2.59 billion during the bidding.

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As the Ukrainian News agency earlier reported, Oschadbank put up for sale the rights of claims under loan 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".

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

The collateral for the loans includes 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 objects of "Pakko Holding".

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