State Guarantee Fund sells vegetable oil refining plant

State Guarantee Fund sells vegetable oil refining plant

Ukraine’s State Guarantee Fund sold the pledged assets in Forum bank for UAH 158mln (USD 6mln)

The vegetable oil refining plant is located in Kharkiv and has been considered as one of the most expensive lots from the State Guarantee Fund, reports the press service.

The claims on assets were sold for UAH 158mln, when initially the price was set at UAH 215mln. Because of lack of offers, the auctioned price had to be lowered.

Following on from the results, the claims on assets are higher by UAH 8mln than the banking claim.

State Guarantee Fund continues on sales of assets of the liquidated banks to secure depositors' claims.

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