Oshchadbank to give last chance to buy Bakhmatyuk's debts, then – "liquidation scenario"

On December 10, state-owned Oschadbank will try for the last time to auction off the rights to claims on loans to the Ukrlandfarming group of companies owned by Oleg Bakhmatyuk. This was reported by the bank's press service.

Debt obligations under loan agreements of 2007-2018 secured by the production assets of PJSC Rise-Maximco, PJSC Agroholding Avangard, LLC Imperivo Foods, and LLC Pacco Holding are up for auction. These include elevators, poultry farms, an egg processing plant, and guarantees from individuals and legal entities.

The sale will take place in the format of a Dutch auction (with a price reduction) on the Prozorro.Sale platform. The starting price is UAH 5.04 billion, the minimum price is UAH 1.14 billion .

"This stage of the sale is the final one. After a series of previous auctions with gradual price reductions, the bank has exhausted the possibility of further adjustments. Thus, the current auction is the last chance for potential investors to purchase the loan pool. In the absence of an auction result, the bank will move to the active implementation of a liquidation scenario to collect the debt," said the bank, which recently foreclosed on one of Ukraine's tallest skyscrapers and is now fighting for control of it.

• Bakhmatyuk, who lives in Vienna, will be tried in Ukraine on charges of embezzling UAH 1.2 billion of a stabilization loan issued by the NBU to VAB Bank in October 2014. He is also accused of giving the largest bribe in the history of Ukraine in the amount of UAH 722 million.