SETAM puts property of engineering plant Azovmash on sale

SETAM puts property of engineering plant Azovmash on sale

OpenMarket SETAM (Electronic System for Trading of Impounded Property) will conduct reversed auction of commercial and industrial facilities of the company located in Poltava and Mariupol on ...

The system of electronic trading of OpenMarket SETAM included several assets  of the impounded property of the engineering plant Azovmah in Poltava and Mariupol. 

The starting price of the property lot amounts to UAH 3.34bn (at USD 111mln). The reversed auction will take place on January 22─26, 2018.  The seller is ready to reduce the price to a reservation price of UAH 297.2mln.

The industrial real estate facilities have space of 141 350 sq. m in total, while commercial property space area amount to 6,500 sq. m in Mariupol in Donetsk region. Other industrial property of 56 580 sq. m is located in the city of Poltava.

To note, SETAM does not explicitly state that the property for sale is a part of the engineering plant Azovmash. These were journalists who discovered it by description and the photos published at the platform.

Azovmash is a large Ukrainian machine-building enterprise established in 1958.

In 2015, the plant attracted loans totaling USD 575.8mln. Ukreximbank, Sberbank of Russia, VTB Bank, Alfa Bank Ukraine are among 10 major lenders to Azovmash.

Related posts