The Individual Deposit Guarantee Fund will hold a second auction to sell the assets and land of the Ivano-Frankovsk Fittings Works.
The starting price has been decreased by 8 million UAH.
The assets, land, a sanatorium and a resort in the Carpathian Mountains have been loaned to the Brokbiznesbank. The debt of the works to the bank is 241.8 million UAH.
The industrial and warehouse premises space totals 51920.2 square meters. The land is 19.29 ha. The size of the sanatorium is 511.8 square meters and of the resort – 186.8 square meters together with the land plot of 0.098 ha.
The starting price of the whole lot is 32.5 million UAH.
The previous auction was scheduled for August 2016 with the price of 40.2 million UAH. But there were no participants.
Ivano-Frankovsk Fittings Works produces pipe fittings for energy, oil-and-gas, chemical, metal industries and water supplies. The complex was constructed in 1968. (Ukrainian metal)