Andrey Ivanov (Q Partners) acquired Vasyl Khmelnytskyi

Andrey Ivanov (Q Partners) acquired Vasyl Khmelnytskyi's shares in the Ocean Plaza shopping mall

The agreement on the purchase of 33.35% of the shares of the Ocean Plaza shopping center, which is part of the UDP, was closed at the beginning of September 2023

The sale of a share (33.35%) of the Ocean Plaza shopping mall to Andrey Ivanov has been officially finalized, businessman Vasyl Khmelnitsky said.

“Last week were officially finalized all transactions on the sale of my share of Ocean Plaza shopping mall to my long-time partner Andrei Ivanov,” – said Khmelnitsky on Facebook.

Ocean Plaza shopping mall was opened in Kiev in December 2012 on Antonovycha Street, 176. Its total area is 165 thousand square meters. m. Investments in the mall amounted to about $300 mln. UDP Company and K.A.N. Development LLC acted as partners in the development of the project.

The mall was sold to Arkady Rotenberg’s Russian TPS-Nedvizhimost in 2012. Later, in 2019, businessman Vasily Khmelnitsky indirectly through UPD Holdings Limited acquired a 33.5% stake in Ocean Plaza shopping mall. In 2021 he sold his stake to entrepreneur Andrei Ivanov, the deal was finalized in the summer of 2023.

“More than three years ago, my partner Vasily Khmelnitsky and I reached an agreement under which I would gradually buy out the development company UDP, whose investments had been under my management for a long time. The agreement to buy out 33.35% of shares of Ocean Plaza shopping mall, which is part of UDP, is a logical continuation of the process”, – commented the owner of the investment company Q Partners Andrey Ivanov to the agency “Interfax-Ukraine”.

As reported, in June 2023, the FGI registered corporate rights to the state share (66.65%) in the shopping mall Ocean Plaza.

“In the public communication of the fund we hear intentions to sell their stake already by the end of this year. As a minority owner, we are fulfilling all the state’s requirements to prepare the company for sale. Our further view on the development of this asset will depend on the results of privatization,” – said Ivanov.

Earlier it was reported that the Cabinet of Ministers on June 9, 2023 adopted an order on the transfer to the FGI share of the authorized capital of LLC “Investment Union “Lybid”, which owns the shopping mall, in the amount of 66.65%. Previously, these corporate rights belonged to Russian sub-sanctioned businessmen Arkady and Igor Rotenberg, but in March 2023, the Supreme Anti-Corruption Court recovered them in favor of the state by its decision.

On March 3, the Ukrainian Justice Ministry filed a lawsuit with the HACC to confiscate the companies that own two-thirds of the Ocean Plaza shopping mall (Kiev), including the Rotenbergs’ assets. Earlier, as part of the criminal proceedings, the arrested corporate rights of the companies for more than 350m hryvnyas were transferred to the National Agency for Identification, Search and Management of Assets Derived from Corruption and Other Crimes.

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