PrivatBank puts part of Bukovel assets up for auction for 3.6 billion hryvnias

Auction announcement on Prozorro.Prodazhi

PrivatBank has initiated the sale of part of the assets of the Bukovel ski complex. The relevant announcement appeared on the Prozorro.Prodazhi platform. The total value of the lots is 3.6 billion hryvnias. The assets offered for disposal include the buildings of the Radisson hotel complex, a dormitory, over 30 land plots, cable car infrastructure, and commercial premises.

Lot details and dates

The assets were divided into two separate lots for the auctions:

• Lot 1: includes 34 land plots with a total area of approximately 101 hectares, 14 suspended passenger cable cars, a pumping station, two transformer substations, and 10 separate commercial premises. The starting price is set at 1.6 billion hryvnias.
• Lot 2: consists of two land plots, the buildings of the Radisson hotel complex, and a dormitory. The initial value of this lot is almost 2 billion hryvnias.

Both auctions are scheduled to be held on 26 November 2026 in the electronic trading system.

Reasons for the asset sale

The bank received these assets in ownership in settlement of non-performing loans issued before the nationalisation of PrivatBank. The sale of these objects is part of the financial institution's strategy to reduce its portfolio of non-core and problem assets.

Context of previous auctions

Previously, on 5 November 2025, PrivatBank had already listed the lease rights for part of the resort's assets on Prozorro.Prodazhi. At that time, three online auctions for the lease of real estate in Polianytsia, Ivano-Frankivsk Oblast, were planned to take place on 20 November.

The results of those auctions became known earlier than scheduled. Only one participant registered in two of the auctions, while the third did not take place due to a lack of bidders.

In the competition for the lease of 14 suspended passenger cable cars with corresponding buildings and 30 land plots with an area of almost 99 hectares, LLC "Bukovel" won, owned by Zakhary and Oksana Palyts. The starting price of the lot was 9.7 million hryvnias per month, and the winner offered 9.86 million hryvnias.

Similarly, in the auction for the lease of two hotels (Radisson and "Dormitory") and two land plots, LLC "Bukovel" became the winner as the sole participant. The company offered 8.4 million hryvnias per month against the starting price of 8.37 million.

The lease term for the assets is specified as one year. The agreement provided for the possibility of automatic extension, but the owner retained the right to terminate the contract early in case of non-payment by the lessee or the sale of the assets by the bank.

The auction for the lease of 10 non-residential premises with a total area of over 4,200 square metres and four land plots with an area of 2 hectares did not take place due to a lack of participants.