Business news from Ukraine

Business news from Ukraine

PrivatBank Has Listed “Dnipro-Arena” for Sale Again for 140.7 mln UAH

PrivatBank has listed the “Dnipro-Arena” stadium and a training facility in Dnipro for an open auction on the “Prozorro.Sales” platform with a starting price of 140.7 million UAH, excluding VAT, the financial institution’s press service reported.

The auction will take place on October 6 in a three-round English auction format. The security deposit is 7.04 million UAH.
The lot includes a stadium with a total area of 15,950 square meters, a training complex covering 13,060 square meters, and a separate indoor soccer field measuring 7,470 square meters.

“Dnipro Arena” has a capacity of approximately 31,000 spectators, a VIP box with 296 seats, a restaurant with 550 seats, a 105×68-meter soccer field with underfloor heating and automatic irrigation, and parking lots for buses and cars.
The training complex includes four natural-turf fields, three outdoor fields with artificial turf, an indoor field with stands seating 506 people, a cottage village, a dormitory, a medical and rehabilitation center, a swimming pool, a gym, and other infrastructure.

The land plots on which the facilities are located are municipally owned; PrivatBank uses some of them under lease agreements, and the right to use one plot is currently being formalized.
The transfer of the property to the buyer is contingent upon receiving approval from the Antimonopoly Committee of Ukraine (AMCU) for the concentration or a conclusion that such approval is not required, and upon full payment for the property.

Persons subject to sanctions, associated with jurisdictions posing an unacceptably high risk, or involved in corruption offenses, terrorist financing, or money laundering are not permitted to participate in the auction.
Restrictions also apply to companies with opaque ownership structures in offshore jurisdictions, as well as individuals affiliated with oligarchs, former executives, or owners of PrivatBank.

As previously reported, PrivatBank last attempted to sell this complex in the fall of 2025, but the auction scheduled for October 30 did not take place due to a lack of bids. The starting price was 150 million UAH.
After that, the bank tried to lease out “Dnipro-Arena” and the training facility, but the January 2026 auction also did not take place due to a lack of participants. The starting rent was 2.7 million UAH per month, including VAT.

PrivatBank is Ukraine’s largest bank. According to the National Bank, the financial institution’s total assets as of August 1, 2026, amounted to 979.31 billion UAH (22.7% of the total).

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Famous hotel in Montenegro to be auctioned for €30 million

One of the well-known hotels on the Montenegrin coast — Plaza in Herceg Novi — will be put up for public auction on September 14. The property together with the land plot has been valued at €30.742 million, the Serbian business portal Parametar.rs reports.

At the first auction, the hotel cannot be sold for less than 80% of its appraised value, so the minimum price will amount to about €24.6 million. To participate, potential buyers were required to pay a deposit of €3.074 million.

The sale is connected with a years-long dispute surrounding the company Vektra Boka, which managed the property. The proceeds from the sale of the assets are to be used to settle the claims of former employees and other creditors. Among them are the municipality of Herceg Novi and the local Water Supply and Sewerage company. CKB banka also has separate claims against Vektra Boka.

If no buyer is found at the first auction, at the second one the minimum price may fall to 50% of the valuation — approximately €15.37 million.

The package being sold includes land worth €7.01 million and buildings worth €23.73 million. The area of the main hotel property is about 5.44 thousand sq. m.

Source — Parametar.rs

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Oschadbank has put up for sale debt of owner of 92.79% of Ukrtelecom’s shares for 2.65 bln hryvnia

State-owned Oschadbank has put up for auction on the “Prozorro.Sales” platform a claim against ESU LLC, which owns 92.79% of the shares in JSC “Ukrtelecom,” with a starting price of 2.65 billion hryvnia, the bank announced on Friday.

The claim arose under a securities purchase agreement dated April 25, 2013, under which Oschadbank acquired 2 million bonds of ESU LLC with a total par value of 2 billion UAH.
The auction is scheduled for October 6 at 12:55 p.m., and the submission of bids will close on October 5 at 8:00 p.m. Bidding will follow the English-style ascending-bid model.

The starting price of the lot is 2.65 billion UAH excluding VAT; the minimum bid increment is 1%, or 26.45 million UAH; and the security deposit is 5%, or 132.27 million UAH.
Banks and other financial institutions that are legally authorized to provide funds and bank metals on credit are eligible to participate in the auction.

If the English-style auction does not take place, Oschadbank may subsequently offer the claim rights in a Dutch-style auction with a reduced starting price.
As previously reported, in November 2022, Oschadbank had already put the claim against “ESU” up for sale via OpenMarket (the State Enterprise “SETAM” of the Ministry of Justice) with a starting price of 1.82 billion UAH; however, the auction did not take place due to a lack of eligible bidders.

Following a tender announced in the fall of 2010, the State Property Fund of Ukraine sold 92.79% of Ukrtelecom’s shares in early 2011 to the Ukrainian subsidiary of the Austrian company EPIC—ESU LLC—for 10.58 billion hryvnias. The SCM Group, owned by Ukrainian businessman Rinat Akhmetov, acquired ESU in 2013.
In 2024, the Kyiv Commercial Court opened bankruptcy proceedings against ESU LLC.

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Deposit Guarantee Fund has put three land plots belonging to RVS Bank up for sale for 11.3 mln UAH

The Deposit Guarantee Fund (DGF, the Fund) has listed the first three land plots belonging to the bankrupt RVS Bank in the village of Pohreby (Brovary District, Kyiv Region)—with a total area of 2.23 hectares—for sale on the “Prozorro. Sales” system the first three land plots belonging to the bankrupt RVS Bank in the village of

Pohreby (Brovary District, Kyiv Region), with a total area of 2.23 hectares, at a combined starting price of 11.3 million UAH.
According to the announcement, the land plots are intended for the construction of a residential building and outbuildings.

The starting price for the 0.93-hectare plot is 4.7 million UAH, for the 0.55-hectare plot—2.8 million UAH, and for the 0.75-hectare plot—3.8 million UAH.
The auction for the first plot is scheduled for October 2, and the auctions for the other two are set for October 5, 2026. Bidding will follow the English auction model, consisting of three rounds of price increases.

The minimum bid increment for all three lots is 1% of the starting price, and the deposit is 10%.
In total, this fall, the Deposit Guarantee Fund plans to put up for sale 35 land lots belonging to RVS Bank in the Kyiv region, with a total area of 34 hectares.

All interested parties are eligible to participate in the auction, except for individuals associated with the aggressor state. Proceeds from the sale of the assets will be used to satisfy the claims of RVS Bank’s creditors.
As previously reported, the first property from RVS Bank’s assets put up for sale by the Deposit Guarantee Fund was an oil depot in the Poltava region with a starting price of 16.3 million UAH; however, the auction on June 1 did not take place due to a lack of participants.

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Most assets in ARMA registry have no real economic potential — former deputy head of agency

Despite the fact that the Register of Seized Assets contains tens of thousands of items, the number of assets with real economic potential accounts for only a small portion of the portfolio, said Pavlo Velykorechanyn, an expert on the Verkhovna Rada’s Anti-Corruption Committee and former deputy head of ARMA, in an exclusive interview with the Interfax-Ukraine news agency.

According to him, a significant portion of the property exists only on paper in the registry or is in such a condition that commercial management of it is impractical.

Among such assets, Velykorechanyn cited ruined farms, old, unusable vehicles, illiquid basement spaces, property lacking the necessary documentation, as well as assets destroyed after the start of the full-scale war.

Agricultural assets that have effectively ceased to exist for a long time—such as records of unharvested crops from previous years—constitute a separate category.

In Velykorechanyn’s view, ARMA must conduct a comprehensive identification of the portfolio and separate out the business assets that are truly economically attractive.

It is advisable to promptly sell illiquid or rapidly depreciating property through auctions rather than keeping it on the registry for years.

He also proposed reviewing court decisions regarding assets for which a manager has not been appointed within several months. Otherwise, the state continues to finance the storage and security of property that is gradually losing value.

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“Sumykhimprom” to Be Put Up for Privatization on October 13

A 99.9952% state-owned stake in one of Ukraine’s largest chemical companies, Sumykhimprom JSC, will be put up for an electronic auction on the “Prozorro.Sales” trading platform on October 13, 2026.

This decision was made by the auction commission chaired by Vitaliy Kovalenko, deputy head of the State Property Fund of Ukraine, the Fund announced on Facebook.
The State Property Fund of Ukraine (SPFU) noted that on July 8 of this year, the government approved the terms and the starting price for the sale of this stake at 1.005 billion UAH.

As previously reported, the repeat online auction for the privatization of “Sumykhimprom,” scheduled for January 13, 2026, with a price reduced by 9.3% to 1 billion 88.081 million UAH (excluding VAT), did not take place due to a lack of participants, just like the previous auction on June 11, 2025.
“Sumykhimprom represents a unique opportunity to acquire nearly 100% of the shares in an operating, high-capacity chemical complex with a wide range of products and significant production facilities for further modernization and development of export potential,” emphasized the State Property Fund of Ukraine (SPFU).

According to the terms of the tender, the new owner was required to maintain the company’s core business activities and invest at least 150 million hryvnias in technical re-equipment and production modernization. In addition, the winner must settle wage arrears and budget debts within six months, as well as overdue accounts payable—excluding debts owed to individuals and legal entities subject to sanctions and their associated parties, as well as creditors whose beneficiaries are citizens or residents of the Russian Federation and/or Belarus. The buyer must comply with social guarantees for employees in accordance with labor law requirements and prevent their dismissal for six months following the acquisition of the asset.

“Sumykhimprom” is one of the largest domestic enterprises producing compound mineral fertilizers, titanium dioxide, sulfuric acid, and other inorganic chemicals. The enterprise is among the top three revenue-generating enterprises in Sumy and the region. It produces more than 30 brands of NPK fertilizers with varying nutrient ratios for different soil and climatic zones.

For over 10 years, the plant was managed by a group of companies affiliated with Group DF, owned by businessman Dmytro Firtash. In November 2023, the Commercial Court of Sumy Oblast granted the motion filed by the State Property Fund of Ukraine (SPFU) and the Ministry of Justice and closed the proceedings in the bankruptcy and reorganization case of “Sumykhimprom.”

The SPFU had planned to sell the company to a private investor even before the full-scale war began. However, privatization was delayed due to the stance of minority shareholder Firtash, who in 2010 acquired 0.005% of the company’s shares and gained control over its management. “Sumykhimprom” accumulated debt, which led to the formation of a creditors’ committee and the initiation of a reorganization procedure.

Since 2015, the State Property Fund of Ukraine (SPFU) had been trying through the courts to halt the company’s bankruptcy proceedings, but was only able to do so in 2023, which cleared the way for privatization.
In March 2022, Russian forces shelled the plant, causing an ammonia leak. As a result, the plant was shut down for a year and resumed operations in the spring of 2023. As of June 2025, the front line was less than 30 km from “Sumykhimprom.”

According to the 2025 report, the company’s accounts payable at the end of the year amounted to 4.135 billion UAH, of which 1.292 billion UAH was debt related to the bankruptcy case initiated by the Commercial Court of Sumy Oblast in October 2011, based on the court-approved register of the JSC’s creditors.
“The company’s lack of working capital, unprofitable operations, and production downtime are causing its accounts payable to rise,” the report states.

Sumykhimprom’s revenue in 2025 amounted to 129.2 million UAH (compared to 395.9 million UAH the previous year), gross profit to 53.3 million UAH (9.9 million UAH), and net loss to 405.7 million UAH (600.2 million UAH).
“The main reason for Sumykhimprom’s unprofitable operations in 2025 was the forced shutdown of production facilities from November 2024 through July 22, 2025, and the shutdown of all structural units in the fourth quarter of 2025. In 2025, Sulfuric Acid Plant No. 5 operated for only two months,” the report states.

According to the report, due to the escalation of the dangerous situation in the region, the regional military administration did not grant permission to purchase ammonia, which prevented the company from launching its production program for complex mineral fertilizers, as envisaged in the approved financial plan for 2025.

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