Business news from Ukraine

Boryspil automobile plant in Kyiv region sold for UAH 108 mln

State-owned Ukreximbank (Kiev) is selling a complex of buildings and structures, as well as a land plot in Kiev region through the OpenMarket electronic bidding system (SE “SETAM” of the Ministry of Justice of Ukraine), according to a press release of SETAM.

The starting price of the lot is 108 million 412 thousand 224 UAH. The auction is scheduled for April 17. The guarantee fee for participation in the auction is UAH 10.841 mln.

The press release notes that Ukreximbank is selling the car plant, but does not specify the name, but judging by the address of location in Boryspil and the attached photos, it is PJSC “Boryspil Automobile Plant” (“BAZ”) of the corporation “Etalon”.

The total area of the sold lot is 18.67 thousand square meters, including the main production building (7679.9 square meters) and production building (644.8 square meters); administrative and utility building with canteen (3 213.6 square meters); spare parts warehouse (4016.6 square meters) and other buildings.

The land plot has an area of 7.5205 hectares. Target purpose: for placement and operation of main auxiliary and auxiliary buildings and structures of processing, machine-building and other industries.

In the press release it is noted that the buildings and structures are in exploitable technical condition. The facility is fully operational as a production and warehouse complex with an administrative part. Its territory is fenced and guarded.

Borispol Motor Plant was established in 2002, where the corporation “Etalon” organized the production of small class buses. Currently, buses of various classes and trolleybuses are produced at the corporation’s Chernihiv auto plant.

According to the register of court decisions, in January 2023 PJSC BAZ was recognized bankrupt and liquidation procedure was opened.

According to the data of the National Commission on Securities and Stock Market for the third quarter of 2023, Bodmin AG (registered in Switzerland) owns 74.37% of BAZ shares, another 22.81% belongs to Kirayn LLC (Kiev).

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SE SETAM sells seized integral property complex in Odesa

The Enforcement Division of the State Enforcement Service Department of the Ministry of Justice of Ukraine has put up for sale through the OpenMarket electronic auction (SE “SETAM” of the Ministry of Justice of Ukraine) an integral property complex located in Odesa at the 19th km of Starokyivska road, 34.
The building has an area of 25,659.90 square meters. The lot consists of:
– the main building with utility blocks, a loading dock and a railway track;
– administrative building, security building, weighbridge, electrical workshop building;
– oils and greases warehouse, material warehouse, water measuring unit;
– switchgear, boiler house, carpentry shop, repair and mechanical shop;
– a trade pavilion, a car wash, a gas station, a warehouse of oils and lubricants and other property.
The full list is available at the link to the lot: setam.net.ua/auction/540581
“The auction is scheduled for February 7, so potential bidders have time to pay the guarantee fee and participate in the auction. The lot is being auctioned for the second time, so its starting price has been reduced by 15% from the first auction. Now the starting price for the complex, including VAT, is UAH 112,325,800, which is approximately UAH 4,377 per 1 sq. m.,” said Oleksandr Mamro, CEO of SE SETAM.
The OpenMarket auction (SE SETAM of the Ministry of Justice of Ukraine) is a simple and effective means of selling and purchasing property via the Internet. The online auction has been operating throughout Ukraine since 2014. The total amount of sales since its launch is UAH 21.8 billion.

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Property worth almost UAH 2 billion sold through OpenMarket in 2023

In 2023, property worth more than UAH 1.9 billion was sold through the OpenMarket electronic auction (State Enterprise SETAM of the Ministry of Justice of Ukraine). A total of 4,339 lots were successfully sold. The sellers earned an additional UAH 206 million.
We remind you that SE SETAM works in the following areas:
– Sale of property seized by state and private enforcement officers, as well as property confiscated by court decisions;
– Sale of bank assets and claims;
– Holding auctions for the sale of property at the request of individuals and legal entities (voluntary sale);
– Holding auctions for lease of property;
– Sale of rights to enter into financial leasing agreements.
Last year, the Group sold property worth UAH 544 million through voluntary sales. The additional amount earned by the sellers was over UAH 44 million. Bailiffs sold seized property through OpenMarket for a total amount of over UAH 1.4 billion.
Successful auctions with the highest value in 2023:
Administrative warehouse complex in Kyiv region.
Sale price: UAH 200,500,000.
The seller: A private contractor.
Link to the lot: setam.net.ua/auction/519297
31 land plots in the Kyiv region, Kozyn village.
Sale price: UAH 118,761,601.
The seller: JSC Ukreximbank.
Link to the lot: setam.net.ua/auction/526989
A house in Kyiv on Staronavodnytska Street.
Sale price: UAH 88,453,986.
The seller: JSC Ukreximbank.
Link to the lot: setam.net.ua/auction/527335
“Last year, the company paid taxes, duties, mandatory payments and dividends to the state budget totaling more than UAH 38.6 million. Confidence in our auction is constantly growing, as evidenced by the system’s user base, which currently amounts to almost 100 thousand and is one of the largest in Ukraine,” said Oleksandr Mamro, CEO of SE SETAM.
The OpenMarket auction (SE “SETAM” of the Ministry of Justice of Ukraine) is a simple and effective means of selling and purchasing property via the Internet. The online auction has been operating throughout Ukraine since 2014. The total amount of sales since its launch is UAH 22 billion.

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Ukrgasbank sold building of Institute in Kyiv for UAH 65 million at auction

JSB “UKRGASBANK” sold the building of the Institute in Kyiv on Kurenivskyi Lane via OpenMarket electronic auction (SE “SETAM” of the Ministry of Justice of Ukraine). The sale price amounted to UAH 64,944,207.
The building of the Institute is located in the Obolon district of Kyiv, close to a park, post offices, public transport stops, the Pochayna metro station, shops, cafes and much more.
This is the 24th lot sold by the bank at the OpenMarket auction since the beginning of martial law, and the total amount of sales for this period was over UAH 142 million.
“Despite the difficult economic situation caused by Russia’s full-scale invasion of Ukraine, the real estate market is active in the segment of banking assets. Due to JSB “UKRGASBANK” flexible approach to real estate sales, as well as taking into account the “Dutch auctions” system introduced in 2021, the demand for JSB “UKRGASBANK” assets is at a consistently high level. JSB “UKRGASBANK” expresses its gratitude to SE “SETAM” for assistance in organizing sales, active support and effective cooperation, as the success in selling the Bank’s property directly depends on the quality of the auction organizer’s work,” said Daria Musych, Head of the Debt Settlement Department of Ukrgasbank.
“I would like to thank Ukrgasbank for their trust in our electronic auction. The bank is our constant and long-standing partner. Since the beginning of our cooperation, we have already sold the bank’s assets for over UAH 2.1 billion. The bank is one of our three most successful sellers,” said Oleksandr Mamro, CEO of SE SETAM.
The auction is available at the link: setam.net.ua/auction/539330
The OpenMarket auction (SE SETAM of the Ministry of Justice of Ukraine) is a simple and effective means of selling and purchasing property via the Internet. The online auction has been operating throughout Ukraine since 2014. The total amount of sales since its launch is UAH 21.6 billion.

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Ukreximbank is first collector to examine and put up pledged gold jewelry on SETAM

State-owned Ukreximbank is the first in the Ukrainian market to conduct a public sale of pledged property – jewelry made of precious metals and gems – through the OpenMarket electronic trading system (SE SETAM of the Ministry of Justice of Ukraine).

Unique nature of the sale

For a long period of time, the sale of pledged gold jewelry was complicated due to the lack of clear procedures that would allow the sale of jewelry at public auctions. Until 2022, jewelry was redeemed in favor of the state through the State Storage of Precious Metals, but due to a lack of funds in the budget, this process was “frozen”.

In 2022, a new Procedure for the Sale of Jewelry and Other Household Items Made of Precious Metals in the Course of Enforcement of Court Decisions and Decisions of Other Authorities was adopted. The Procedure, approved in February 2022, provides for a number of examinations prior to public bidding to determine the metal sample, determine the characteristics of gemstone inserts, etc.

Ukreximbank is the first bank in Ukraine to carry out all the necessary procedures for the sale of jewelry within the framework of enforcement proceedings, involving the Ministry of Finance of Ukraine and the Central State Assay Control Enterprise.

Thus, within the framework of the enforcement proceedings initiated in accordance with the requirements of the court decision on debt collection in favor of Ukreximbank, for the first time, a lengthy and extremely complicated procedure was completed from the preparation of the act of inventory and seizure of the debtor’s property, namely, jewelry made of precious metals and precious stones to the publication of the relevant announcements on the platform of the electronic system of SE SETAM on the date of the scheduled electronic auction.

The procedure for obtaining the statutory expertise is regulated and complex, but the coordination of the actions of the recoverer and the state enforcement officer made it possible to complete it in the shortest possible time. The property appraisal report, on the basis of which the starting price of the property put up for sale was formed, received by the state enforcement officer, contains references to

– an act of examination of valuables that have been accepted by the Central State Assay Control Enterprise;
– the act of the results of the examination of jewelry by an employee of the Ministry of Finance of Ukraine;
– the act of gemological examination of inserts.

Also, this is one of the rare cases when the Bank manages to successfully foreclose on such type of collateral as goods in circulation, usually when the borrower is recognized as a problematic borrower and the goods are no longer available.

Terms of sale

Lot No. 1
The starting price of the lot is UAH 1,972,320.00.
The total weight of the items is 1,355 kg.
The guarantee fee for participation in the auction is UAH 98,616.00.
The auction date is December 29, 2023.
Register for the auction, detailed description of the auction conditions and the lot itself by following the link.

Lot No. 2
The starting price of the lot is UAH 594 520.00.
The total weight of the products is 482.56 g.
The guarantee fee for participation in the auction is UAH 29,726.00.
The auction step is UAH 11,890.40.
The auction date is December 19, 2023.
To register for the auction, for a detailed description of the auction conditions and the lot itself, please follow the link.

Lot No. 3
The starting price of the lot is UAH 75 330.00.
The total weight of the products is 61.13 g.
The guarantee fee for participation in the auction is UAH 3,766.50.
Auction step is UAH 2,259.90.
The auction date is December 19, 2023.
To register for the auction, for a detailed description of the auction conditions and the lot itself, please follow the link.

The OpenMarket auction (SE SETAM of the Ministry of Justice of Ukraine) is a simple and effective means of selling and purchasing property via the Internet. The online auction has been operating throughout Ukraine since 2014, and the total amount of sales since its launch is UAH 21.4 billion.

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