"Kievgorstroy" is set for a billion-dollar recapitalization, with the capital city expected to provide funding in 2025.

The company "Kievgorstroy" has officially initiated the process of preparing for recapitalization, with expectations for financial support from the government and participation in the recapitalization from minority shareholders.

https://epravda.com.ua/rus/finances/kogda-kievgorstroy-dokapitaliziruyut-802665/2025-01-31 09:07:10

The Deputy Chairman of the Kyiv City State Administration, Vladislav Andronov, who heads the commission addressing the issues related to the activities of "Kyivhorstroy," reported this during a meeting with investors, as conveyed by Interfax-Ukraine.

Andronov reminded that a shareholders' meeting is scheduled for February 14, where they intend to discuss aligning the company's charter and internal regulatory documents with current legislation, as well as creating the necessary conditions for a supplementary share issuance.

According to Andronov, after the amendments to the charter and the supervisory board regulations, the issue of the supplementary share issuance could be resolved at the next meeting.

"The city budget contains a provision that if the shareholders of 'Kyivhorstroy' decide on recapitalization, approximately 2.6 billion UAH will be allocated. Regarding minority shareholders (who own 20% of KGS), the city is interested in their participation in the recapitalization," - Andronov explained.

Moreover, investors' main hope for launching "Kyivhorstroy" projects lies in the resources of the city budget.

Andronov added that after completing all procedures, the Kyiv City Council plans to allocate the budgeted funds to the company within 2025.

The stages of project restoration and their completion timelines will be determined directly within "Kyivhorstroy," considering financial capabilities and the construction readiness of the projects.

Reminder:

The Kyiv authorities, along with an initiative group of investors for the unfinished projects of "Ukrbud" and "Kyivhorstroy," have agreed to sign a memorandum and approve a roadmap soon to complete the construction of multi-story buildings.

Following this, the Kyiv City Council granted approval for increasing the charter capital of CJSC "Holding Company Kyivhorstroy" through a supplementary issuance and purchase of shares totaling no more than 2.56 billion UAH..