Kherson Bakery's Auction Fails as Starting Price Drops to ₴16.7M

The property of Kherson Bakery, which was declared bankrupt last year, failed to be sold at auction for more than UAH 20 million.

This is reported on the Prozorro. Sale platform.

The auction, which was scheduled to take place on April 4, was unsuccessful due to the lack of potential buyers. The starting price of the lot was UAH 20.9 million.

The auction was announced for the second time with a price reduction of UAH 4.2 million. The new starting price for the property of PJSC Kherson Bakery is UAH 16.7 million. The auction is scheduled to take place on April 14.

The assets include a large production base, including

• production and administrative buildings with a total area of over 8,000 m²
• warehouses, garages, a boiler house and a checkpoint;
• baking lines, refrigeration equipment, computer equipment and other production facilities.

The description states that the property is located in Kherson. Due to the hostilities, the company's buildings suffered significant damage: broken windows, holes in the roof and walls. The equipment has not been used for more than two years, shows signs of wear and tear, and its performance has not been tested. Dismantling and transportation of the acquired property will be carried out at the expense of the buyer.

According to media reports, the company had debts of UAH 23.45 million, while its assets were estimated at only UAH 9.59 million. The plant was unable to resume operations due to a lack of funds, assets and potential investors.

Prior to the outbreak of the full-scale war, Kherson Bakery provided 40% of the bread and bakery products market in the region. However, after the liberation of the right-bank part of Kherson region, the company was unable to resume operations as its production facilities remain under constant shelling or are partially destroyed.

Currently, the region's bread needs are mostly covered by producers from Odesa, Mykolaiv and Kryvyi Rih. Small bakeries operate in the de-occupied communities, and international and charitable organizations, including the UN World Food Program, the Red Cross, and ADRA Ukraine, help with bread supplies.

The owner of Kherson Bakery was Serhiy Durov. The company has been operating since 1958.

Intent has already written that Ukraine has put up for sale bank buildings in the temporarily occupied Genichesk and Nova Kakhovka in Kherson region. The lots were put up by PJSC Prominvestbank, and the auction is scheduled for April 1, 2025.

Recently, ARMA put up for sale seven trucks made by Scania, Volvo, MAN, and Mercedes-Benz. Meanwhile, the National Bank failed to sell an integral property complex located in Odesa

Ірина Глухова