The Asset Recovery and Management Agency (ARMA) announces the start of an auction for the sale of almost 50 thousand tons of iron ore briquettes through the Prozorro.Prodazhi system. The auction will start on November 26, 2024 at 11:00. Bids will be accepted until November 25.

LLC «Polonex», the organizer of the auction, has previously conducted an independent valuation of the asset, with a total starting price of almost half a billion hryvnias. Subsequently, 50 thousand tons of iron ore briquettes were divided into two lots:

- With a starting price per lot of 414,396,439.15 UAH

- With a starting price per lot of 80,529,597.15 UAH

Thus, the seized asset was appraised with a market value of about 10 thousand UAH per ton.

The winner will additionally pay customs duties in the amount of 192.5 million UAH.

All interested parties can follow the bidding process and participate in the auction.