At the end of October 2024, the State Property Fund of Ukraine (SPF) officially became the owner of 49% of the authorized capital of Alliance Holding LLC, the company that manages the Shell gas station network in Ukraine. This information is confirmed by data from the Contr Agent analytical system.
Previously, this share belonged to Russian businessman Eduard Khudainatov, who was sanctioned after the start of the full-scale war in Ukraine. According to the decision of the Supreme Anti-Corruption Court, Khudainatov's assets, including his share in Alliance Holding, were confiscated as state revenue.
As a result of these changes, the previous owners of Alliance Holding LLC - Cicerone Holding BV and Bogstone Holding BV - were removed from the register of founders, and the new ownership structure is as follows: Shell Overseas Investments BV - 51%, State Property Fund of Ukraine - 49%.
It should be noted that after the war began, Khudainatov’s stake in Alliance Holding LLC was reduced to 2.56%, while Shell’s indirect stake increased to 97.44%. Shell said this was made possible by cash injections into Ukrainian businesses, but failed to prove its claim to a larger stake in a Ukrainian court.
The State Property Fund has also completed the process of registering the state's ownership of the Alliance-Ukraine Oil Company. The State Property Fund's immediate plans include putting the nationalized 49% of the Shell gas station network up for privatization auction, in which both Ukrainian and foreign oil companies have already expressed interest.
