Oschadbank sold Bakhmatyuk’s debts for UAH 1.14 billion at about a 77% discount
The sole buyer of the claims on Ukrlandfarming’s loans was Fintonik LLC. The sale was conducted by Dutch auction: the starting price was UAH 5.04 billion, the final price UAH 1.14 billion. The collateral comprised production assets and guarantees.
By Tetiana Suchkova-Ladik
December 11, 2025 · 1 min read
Buyer and terms
The loan claims of the Ukrlandfarming group were purchased by the company LLC "Fintonik", which was the sole participant in the auction. The auction was held using a Dutch-style descending-price format: the opening offer was UAH 5.04 billion, and the bidding closed at UAH 1.14 billion.
LLC "Fintonik" previously operated under the name ChEZ Invest. According to registers, 80% is owned by Andriy Shpylka from Kryvyi Rih, who in the past held managerial positions at enterprises controlled by SCM. The remaining 20% is owned by the Fortior Capital group, associated with Mykola Nesterenko; he also had long-standing business ties with SCM representatives and, until 2021, collaborated with Oleksandr Kamyshyn.
Collateral assets
The sold claims related to loan agreements from 2007–2018, secured by the production facilities of PJSC "Rais-Maksymko", PJSC "Agroholding Avangard", LLC "Impervo Fudz" and LLC "Pakko Holding". The collateral included grain elevators, poultry farms and an egg-processing plant, as well as guarantees from individuals and legal entities.
Legal consequences
Oschadbank announced that this attempt to realize the claims was the last before moving to more decisive measures to recover the debt.
If the auction yields no result, the bank will move to active implementation of a liquidation scenario to recover the debt
– Oschadbank
Earlier the bank had already seized one of the country's tallest skyscrapers in settlement of the debt and is currently fighting for control over it.
- Oleh Bakhmatyuk resides in Vienna; in Ukraine he has been charged with embezzling UAH 1.2 billion of a stabilization loan that the National Bank issued to VAB Bank in October 2014, and with offering a bribe of UAH 722 million.
