Business news from Ukraine

SE “SETAM” sold property worth UAH 22 billion

The State Enterprise “SETAM” (Ministry of Justice of Ukraine) has sold property worth over UAH 22 billion at the OpenMarket electronic auction. Since 2014, more than 83 thousand successful auctions have been held.

Due to competition at the auctions, sellers received an additional UAH 2.3 billion. The average price increase for sold lots is 11.8%.

The auction user base is the largest in Ukraine. Today it includes more than 101 thousand participants, and new ones are added every day. Most lots (68.5% of the total) were sold at online auctions by the State Enforcement Service and private executors.

Among the categories of property sold, most of them were real estate, vehicles and other property.

“Step by step, we are improving the auction and seeing the results of cooperation with both public and private enforcement officers and partners in the area of voluntary sale. Since the beginning of this year alone, we have already managed to sell rights of claim  under the agreements of individual borrowers for UAH 13.1 million, premises in Kyiv  for UAH 25.2 million, a complex of buildings and premises in Lviv region for UAH 22.6 million, and many other expensive properties. We would like to thank our buyers for their trust in our electronic auction. We will continue to work,” said Oleksandr Mamro, CEO of SE SETAM.

We remind you that SE “SETAM” works in the following areas:
– Sale of seized property by public and private executors, 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.

The most expensive lots sold for all time:
Building No. 4 and land plot in Kyiv.
Sale price: UAH 563,710,000.
Seller: JSB “UKRGASBANK”.
Link to the auction: setam.net.ua/auction/332803

The building of a hotel, office and retail and office complex in Kyiv.
Sale price: UAH 334,925,314.
Seller: JSC Ukreximbank.
Link to the bidding process: setam.net.ua/auction/484723

Two land plots in Kyiv region.
Sale price: UAH 308,523,316.
The seller: Oschadbank JSC.
Link to the auction: setam.net.ua/auction/466893

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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PrivatBank puts up for sale consumer loan portfolio worth UAH 501.4 mln

State-owned PrivatBank (Kyiv) offers professional market participants through the OpenMarket platform (SE SETAM) to purchase at a Dutch auction (with a price reduction) the rights to claim a loan portfolio of more than 80 thousand consumer loans at a starting price of UAH 501.4 million.

“This portfolio includes more than 80 thousand unsecured consumer loans granted to individuals, which were recognized as uncollectible and written off against provisions. The portfolio for sale excludes loans for which the debtors are mobilized servicemen – according to information available to PrivatBank,” the press service of the state bank informs.

It is noted that the rights of claim on such a portfolio include only the loan principal and accrued interest.

The sale will be carried out by gradually reducing the starting price of the lot, while the minimum selling price, according to the published terms, is 2.1% of the initial price – UAH 10.53 million.

According to the state bank, only financial institutions that have a valid license to lend money or provide factoring services and meet the bank’s requirements will be allowed to participate in the auction. Applications for participation can be submitted until February 2, and the auction itself will take place on the 23rd of the same month.

According to the National Bank of Ukraine, as of November 1, 2023, PrivatBank ranked 1st in terms of assets (UAH 804.14 billion) among 63 banks operating in the country, and 2nd in terms of the number of branches (1131).

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Sale and lease of land through Prozorro brought UAH 1.43 bln

Budgets on the results of more than 5 thousand successful auctions for the sale and lease of land in the system Prozorro.Sales received 1.43 billion UAH, the press service of the JSC “Prozorro.Sales” reported on Facebook on Wednesday.

“Land auctions held in the system Prozorro.Sales, replenished the budgets of different levels for 1.43 billion UAH”, – stated in the release.

It is indicated that 7,971 participants were able to compete in these auctions.

Currently, 778 more auctions are at the stage of concluding transactions. On average, three participants compete for one land lot.

According to “Prozorro.Sales”, the average price growth for completed land auctions is 78.8%.

The leaders in the number of announced land auctions are Kyiv, Odesa, Cherkasy, Lviv and Zakarpattya regions.

As of July 26, 2023 in the system Prozorro.Sales announced more than 1.4 thousand land auctions, which are at the stage of accepting applications for participation.

As reported, from January 1, 2024 in Ukraine will start the second stage of opening the land market, when land will be able to buy legal entities registered in Ukraine. No more than 10,000 hectares of agricultural land will be available for purchase.

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Ritz Hotel in Paris will host sale of thousands of collectible bottles of wine

Wealthy connoisseurs and collectors of prestigious wines have freed up a few days in early April for a unique sale of thousands of collectible bottles organized by the auction house “Lombray-Tecam” in the chic surroundings of the Ritz Hotel in Paris.
The total value of all lots is tentatively estimated at 6 million euros. All the bottles exhibited at the auction come from the same collection of a major collector and enthusiastic about the history of French winemaking man.
For more than 50 years this enthusiast, now deceased, whose name the auctioneers do not announce, bought up and preserved tens of thousands of bottles. His heirs decided to scatter this collection at auction. In the “Ritz” April 3 7 will go under the hammer about 30 thousand bottles.
Those who have had the opportunity to get acquainted with the collection, they say that this is the very material history of the best millezimy, the milestones of the winemaking of post-war France. The collector bought his wines following recommendations from the most renowned, internationally recognized experts in the wine industry.
“The auction house informed me of a certain significant cellar. But it never occurred to me to be in front of such a treasure. It is a kind of Grail, the best initiation into wine experts,” admires Claude Maratier, a specialist who has been invited to advise a number of famous wine auctions. This time he was asked to authenticate each of the bottles.
According to connoisseurs, the selection is worthy of a museum. Among the tens of thousands of bottles are 2,000 magnums (one-and-a-half-liter jars), hundreds of cases of Bordeaux grands crus classés (collected from the best vineyards). As well as batches of bottles of the legendary Petrus, Le Pin, Haut-Brion, Clinet, Mouton-Rothschild and a whole range of other wines of the southwest of France, coveted by any lover.
The collector, of course, did not forget about Burgundy. Numerous cases of the best Burgundian wines – grands crus and premiers crus – from the estates of Romanée-Conti, Dujac, Georges Roumier, Armand Rousseau and others, whose names alone say a lot to true connoisseurs, were put up for auction.
“To describe it in a few words, very simply: all the best is here. Bidders will see only the famous labels and only the best vintage years, such as many wines of the mythical, especially for the Rhone Valley, 1978. Seeing it all was an exciting sight,” comments Claude Maratier.
“At the same time,” emphasizes the expert, “all these wines are in impeccable state of preservation, as if they were new, fresh off the bottling line. I’ve never seen anything like it. The labels are intact, the capsules on the necks look great – all of which should appeal to discerning buyers. This is a cellar of treasures carefully collected over the years.”
The starting prices of the lots are known. For example, a set of six “magnums” Petrus 1982 will be traded from 40-50 thousand euros. A set of bottles Romanée-Conti 1976 year offered for 50-60 thousand euros.

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EXPERT: UKRAINE SHOULD ALLOW IMPORT, SALE OF FUEL OF EURO-4 QUALITY

During the period of Russian military aggression, Ukraine should allow the import and sale of fuel of the Euro-4 ecological standard, director of the A-95 consulting group Serhiy Kuyun said.
“It is necessary to temporarily allow the use of fuel of Euro-4 standards. The equipment of the Armed Forces of Ukraine will not notice this at all. Tanks, ZILs, diesel locomotives and others will go easily – this equipment is not new for the most part,” he wrote on his Facebook page.
“Civilian transport will also survive. Strict European fuel requirements are mainly for environmental purposes. Now there are much more serious threats to our life and health than the exhaust in traffic jams from refugees’ cars,” Kuyun said.
According to him, there are interesting price offers for Euro-4 on the foreign market, which will increase the filling of the Ukrainian market with fuel.

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UKRAINIAN GOVERNMENT APPROVES SALE OF UNITED MINING CHEMICAL COMPANY WITH STARTING PRICE OF UAH 3.7 BILLION

The Ukrainian government has approved the terms of a tender for the sale of United Mining and Chemical Company with a starting price of UAH 3.7 billion.
The government informed Interfax-Ukraine that the Cabinet of Ministers adopted the corresponding decision at a meeting on June 16.
Earlier that day, the State Property Fund at the Ukraine.30 forum announced the holding of this tender in August this year.
Head of the State Property Fund Dmytro Sennychenko explained to the Interfax-Ukraine agency on the sidelines of the forum, the fund submitted the necessary documents to the government on April 27.
“We have done our job. As soon as the Cabinet of Ministers makes a decision, it will take two months until the auction,” Sennychenko said.
United Mining and Chemical Company state enterprise began its actual activity in August 2014, when the government of Ukraine decided to transfer to its management the property complexes of Vilnohirsk Mining and Metallurgical Plant (Dnipropetrovsk region) and Irshansk Mining and Processing Plant (Zhytomyr region). Then it was transformed into PJSC, and then – into PrJSC.

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