The National Agency for Asset Tracing and Management (ARMA) received five bids by the deadline for the competition to select a manager for IDS Ukraine—the producer of “Morshynska” and “Mirgorodska,” which is linked to Russian oligarch Mikhail Fridman.
“The competitive selection process has reached its final stage. Next up is the evaluation of the submitted proposals and the selection of the most professional and capable administrator,” the agency reported on Facebook on Saturday.
IDS Ukraine’s assets were transferred to ARMA’s management pursuant to a court ruling. This involves an integrated production complex with a full cycle of operations: from mineral water extraction to production and distribution of products, including abroad. In late 2024, the Ministry of Justice filed a petition with the High Anti-Corruption Court (VAKS) to transfer the corporate rights of all seven companies in the group to the state, but the case is still pending in court.
In March 2023, an administrator—LLC “Carpathian Mineral Waters”—was selected for two companies in the group—PJSC “Morshyn Mineral Water Plant ‘Oscar’” and PJSC “IDS” (IDS Ukraine)— but the agreement was not approved by the Antimonopoly Committee, and in 2025 it was terminated as unfulfilled.
In the fall of 2025, then-Prime Minister Yulia Svyrydenko announced that ARMA had launched a procedure to transfer the entire IDS asset complex to management through a public auction. On June 22, 2026, it was reported that ARMA would make another attempt to select a manager.
IDS Ukraine opposes holding the tender. Among its arguments is that more than 50% of the company’s shares are owned by verified international investors: the Patarkatsishvili family (34.83%), the Georgian government (7.73%), and minority shareholders (7.45%). It was also noted that ARMA does not have the proper authority to hold the competition and has not identified the assets as required by law.
In addition, IDS Ukraine stated that all shareholders—not just sanctioned individuals with Russian citizenship—have been completely removed from management and do not have access to the company’s revenues.
asset, IDS Ukraine, MANAGEMENT, TENDER, АРМА
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