Expanded overview of the DA Portal asset sales and bankruptcy-related auctions

No time to read?
Get a summary

Within the DA Portal, part of Elgera JSC’s bankruptcy proceedings, a notable asset sale was proposed: 2 million shares, representing 24.5% of the authorized capital, in the Torpedo football club, priced at 183.6 million rubles. This move illustrates how liquidations of corporate equity can present opportunities for investors while navigating the complexities of bankruptcy law and asset valuation. The plan underscored the role of the portal as a structured marketplace where creditors, bidders, and other stakeholders observe and participate in controlled asset auctions and direct sales alike.

During the process, the bankruptcy trustee, Artem Skripchenko, initiated the sale of land assets as part of the broader liquidation effort. When a December auction reached its close, it was subsequently declared void due to a lack of bids, highlighting the sometimes uneven market response to estate administration and the importance of timing, pricing, and clear terms in achieving successful bids. The episode also reflected the legal safeguards in place to ensure fairness and due process in bankruptcy asset disposal.

Earlier reports indicated that the DA Portal had begun expanding its portfolio to include foreign assets. At present, there are several hundred listings with total declared value surpassing seven billion rubles. The catalog spans multiple jurisdictions, with many assets located in Turkey, Bulgaria, Belarus, and Kazakhstan, while buyers also have access to properties in China, Hungary, India, Greece, Germany, and the United States. This broad geographic footprint demonstrates the platform’s aim to provide diverse investment opportunities across real estate, production facilities, and other asset classes, expanding the potential for cross-border transactions and portfolio diversification.

The DA Portal is a Sberbank–backed service designed to facilitate trading of collateral and non-essential assets. It offers a range of purchase methods, including direct sales by owners and purchase agreements, as well as assets being sold at auction in bankruptcy or enforcement proceedings. The system is designed to bring transparency to the disposition of pledged assets and non-core holdings, while enabling credible bidders to access a wide array of inventories within a regulated framework. For participants, this setup provides a clearer view of pricing signals, due diligence checks, and settlement procedures that accompany these kinds of transactions.

Current activity on the platform includes roughly ten thousand objects for sale, comprising real estate, vehicles, production facilities, and equipment. The registry shows more than 111,000 investors who have registered interest or participation, indicating a broad base of potential buyers and a healthy level of market engagement. The dynamic mix of asset types and the global reach of the listings suggest that the DA Portal is positioning itself as a prominent conduit for asset liquidation and opportunistic investment in a challenging macro environment, while maintaining regulatory compliance and transparent processes for all parties involved.

No time to read?
Get a summary
Previous Article

Apple’s Freelancer Cutback and iPhone Accessory Strategy

Next Article

Market Update: European Equities Open Lower, Ibex Mixed as Oil Dips and Yields Hover