The State Property Fund of Ukraine (SPFU) has registered corporate rights to the state-owned share in the Ocean Plaza Shopping Mall

The SPFU has registered corporate rights to the state-owned share (66.65%) in the Ocean Plaza Shopping Mall. The corresponding entry has already been made in the Unified State Register of Legal Entities, Individual Entrepreneurs, and Public Associations.

After conducting an audit and assessing the asset’s value, as well as implementing other pre-privatization measures, the SPFU will make a decision regarding the future fate of these corporate rights.

“All possible options for selling the shopping mall at market value will be considered. All proceeds from the sale will be directed to the fund for the liquidation of the consequences of russian armed aggression,” said Denis Shugaliy, the First Deputy Chairman of the State Property Fund of Ukraine.

Recall that on June 9, 2023, the Government issued an order to transfer to the SPFU a portion of the authorized capital of Investment Union Libid LLC, which owns the shopping mall, in the amount of 66.65%. Previously, these corporate rights belonged to Russian businessmen Arkadii and Ihor Rotenberg, who were under sanctions, but in March 2023, the Higher Anti-Corruption Court ruled in favor of the state and confiscated the rights from them.