A new phase of “big privatization” is beginning in Ukraine, attracting significant attention from investors and the public. As part of this process, several iconic properties are being put up for sale, including the Ocean Plaza shopping and entertainment center (SEC) and the Ukraina Hotel in downtown Kyiv.
This was announced by the chairman of the Finance Committee of the Verkhovna Rada, Danylo Hetmantsev, on his Telegram channel.
According to Hetmantsev, the first five objects have already been announced for sale, and their implementation will be carried out through the online platform “Prozorro.Prodazhi”. Among them are two objects that were in state ownership:
- Hotel “Ukraine” on Independence Square in Kyiv. The auction will take place on September 18 with a starting price of 1.05 billion hryvnias.
- The largest producer of titanium ores is the United Mining and Chemical Company. The auction is scheduled for October 9 with a starting price of UAH 3.9 billion.
The other three objects belonged to sanctioned persons and, by decision of the Supreme Anti-Corruption Court, were transferred to the state:
- Manufacturer of aerated concrete products LLC “Aerok”.
- The developer of the titanium and zirconium deposit is LLC “Demurinsky GOK”.
- LLC “Investment Union “Lybid”, which owns the Ocean Plaza shopping mall.
As Hetmantsev explained, the funds from the sale of the first two objects will go to the state budget of Ukraine, while the funds from the sale of the other three objects will be directed to the Fund for the Elimination of the Consequences of Armed Aggression.
Recall that in June 2023, Ukraine nationalized billion-dollar assets of Russian oligarchs, including the Kyiv shopping mall Ocean Plaza, which previously belonged to brothers Arkady and Igor Rotenberg. In March 2023, the Supreme Anti-Corruption Court transferred these assets to the state, and now the Ocean Plaza shopping mall will be put up for auction.
