The Antimonopoly Committee of Ukraine (AMCU) has granted permission to Cliff Capital Growth Aif V.C.I.C. Ltd, a Cyprus-based company affiliated with the Kovalskaya Group, to acquire control over Unit B04 LLC. The relevant decision was made by the committee on June 12.
“The company has indeed received permission from the AMCU to acquire a stake in Unit B04 with the aim of establishing full corporate control over the facility, in accordance with preliminary agreements with partners,” the group’s press service told Interfax-Ukraine on Friday.
A similar deal was already implemented in early 2025, when Kovalskaya gained 100% control over the Unit B06 facility, the group added. Construction of these facilities was completed in 2023 and 2024.
“Work is currently underway on the interior finishing of the premises,” the press service added.
As reported, the Kovalskaya group planned to invest $70 million in the construction of five business centers in Unit.City – B01, B02, B03, B04, B06.
The investment fund Cliff Capital Growth is managed by Guardo Assets Management, which also manages the funds Aksioma, A Realty, AC Real, and Vingis.
The Kovalskaya industrial and construction group has been operating in the Ukrainian construction market since 1956. It unites more than 20 enterprises in the fields of raw materials extraction, manufacturing, and construction. Its products are sold under the brands Beton ot Kovalskaya, Avenue, and Siltek. Kovalskaya’s enterprises operate in the Kiev, Zhytomyr, Lviv, and Chernihiv regions. The aerated concrete plant in the Kherson region has not been operating since the beginning of the occupation.
The group also includes Kovalskaya Real Estate, which is engaged in the construction of residential properties in Kyiv. Its portfolio includes more than 20 completed residential projects.
