Ukreximbank is selling assets of the Zaporizhzhya Cable Plant.

The property of the Zaporizhzhya Cable Plant, which was used as collateral for bad loans, is being sold at auction. The auction will take place on the OpenMarket site (SE “SETAM” of the Ministry of Justice of Ukraine) on January 31st in Kyiv. The starting price which is at the sum of UAH 604.4 M ($22.12 M) is the balance of debt under loan agreements with Ukreximbank. There are four real estate objects with a total area of ​​50.74 thousand sq/meters. The plant assets include production equipment, finished products (transformers, reactors), and inventories (metal, rolled products, etc.)