SETAM signs contract to sell assets of PrivatBank

12:34, 26.07.2017 1 min read

State-owned enterprise System of Electronic Trading in Seized Property (SETAM) has signed an official contract with public joint-stock company PrivatBank (Kyiv) to sell the bank's assets at electronic auctions, SETAM has said in a press release.

"We have officially won a tender to sell assets and signed the relevant agreement. Now we are waiting for the list of assets to put them up for sale on our platform," SETAM Director General Viktor Vishnev said.

Earlier Vishnev said that it is planned to put around 2,000 facilities up for sale, including the Bukovel ski report in Polianytsia (Ivano-Frankivsk region), the training base and the stadium of Dnipro FC, several large business centers.

SETAM has similar cooperation contracts with Oschadbank, Ukrgasbank, Ukreximbank and it is planned to attract VTB Bank.

SETAM was launched on May 1, 2017 in the pilot mode in some regions and in August 2014 it was expanded to entire Ukraine.