State Property Fund plans third sale of quarry confiscated from Deripaska

Unsuccessful repeat sale of assets

The State Property Fund announced the second attempt to market Glukhiv Quarries LLC, located in Sumy region, along with 22 other real estate objects. These assets were previously under the control of Russian oligarch Oleg Deripaska.

The first auction, with a starting price of UAH 98.64 million, attracted no buyers. Subsequently, the threshold value was reduced to UAH 49.32 million (excluding VAT). However, by 21 October, no applications had been submitted for participation in the bidding.

Planning the next stage of trading

Officially, the third auction is scheduled for 23 November. The starting price remains at UAH 49.32 million, with the possibility of further reduction in case of repeated failure.

It is important to note that the confiscation of these assets was carried out based on a decision by the Higher Anti-Corruption Court (HACC) in 2023.

Financial condition of the enterprise

According to company activity data, Glukhiv Quarries LLC completed the first half of 2026 with zero revenue. During this period, the enterprise recorded a loss of UAH 5.78 million.