SPFU held a meeting of the auction commission for the sale of the state share in the authorized capital of Investment Union “Lybid” LLC (“Ocean Plaza” shopping center)

Today the State Property Fund held the first meeting of the auction commission for the sale of the object of large-scale privatization –the state’s share of 66.65% in the authorized capital of Investment Union “Lybid” LLC (“Ocean Plaza”shopping center). The auction commission set the starting price and developed the terms of sale of this asset.

The state share in the authorized capital will be put up for electronic auction with conditions through the Prozorro.Sale system. The starting price set by the auction commission is UAH 1,651,633,236.

Since the share is the object of large-scale privatization, the starting price and terms of its sale must be approved by the Cabinet of Ministers of Ukraine. Currently, the State Property Fund must prepare and submit an agreed draft of the relevant decision to the Government.

“Ocean Plaza” shopping center is an asset with many advantages: location, large area, good technical condition etc. This is a ready-made business and I am sure that the object will quickly find a new pro-Ukrainian owner,” stressed the Chairman of the SPFU Vitaliy Koval.

The date of the auction for the sale of the share will be set immediately after the Cabinet of Ministers of Ukraine approves the starting price and terms of sale of the object.

The funds received from the sale of the asset will be credited to the State Budget of Ukraine and directed to the fund for liquidation of the consequences of armed aggression.

For reference. In March 2023, by the decision of the High Anti-Corruption Court, a 66.65% share in the authorized capital of Investment Union “Lybid” LLC, which owns the “Ocean Plaza” shopping center, was seized from the sanctioned russian oligarchs Arkady and Igor Rotenberg into state ownership, and by the decision of the Government dated June 9, 2023 No. 507, the specified asset was transferred to the management of the State Property Fund for the purpose of further privatization.

At the proposal of the State Property Fund and by order of the Cabinet of Ministers of Ukraine dated January 5, 2024 No. 8, the state share of 66.65% in the authorized capital of Investment Union “Lybid” LLC is included in the list of objects of large-scale privatization of state property.