The State Property Fund (SPF) of Ukraine has appealed to the government with an initiative to include the state share (66.65%) in the Ocean Plaza shopping center (Kyiv) in the list of large-scale privatization objects, the department's press service reported.

According to the message, the Fund recommends setting the starting price for the sale of the state share in the shopping center at the level of its book value for the last reporting (annual) period.

Over 2022, the value of the state share amounted to UAH 1.32 billion (the book value of the entire asset is UAH 1.98 billion). At the same time, the Fund expects the lot to be sold at more than its book value.

Preparations for privatization of the state share in Investment Union Lybid LLC, which owns the Ocean Plaza shopping center, have already started. Thus, by the end of autumn, five audits will take place - legal, financial, technical, forensic and reputational. They will allow investors to assess the market value of the asset and prospects for its development, the SPF indicates.

As reported, on June 9, 2023, the Cabinet of Ministers adopted a resolution on the transfer to the State Property Fund of the share of the charter capital of Investment Union Lybid LLC, which owns the shopping and entertainment center, in the amount of 66.65%.

Previously, these corporate rights belonged to Russian sanctioned businessmen Arkady and Igor Rotenberg, but in March 2023, the High Anti-Corruption Court, by its decision, recovered them in favor of the state.