Estonia’s D. D. S. Consulting LLC in January 2018 purchased 85.4% of shares in Kharkiv Central Department Store (TsUM) and made a public irrevocable offer for the redemption of shares of other members of the company. According to the information disclosure system of the National Securities and Stock Market Commission, the Estonian company announced the buyout offer on February 21. The proposed purchase price of the shares is UAH 0.67 with the nominal value being UAH 0.18.
The central department store in Kharkiv was founded in 1933. In 1994 it was transformed into an open joint-stock company.
The net income of PJSC Kharkiv Central Department Store in 2016 increased by 72% compared to 2015 and amounted to UAH 1.7 million, while its net loss in the same period increased by 32%, to UAH 1.6 million. According to the state cadaster, the area under the central department store is 0.2 hectares.
According to the state register, the owner of 85% of TsUM in 2010-2017 was Production and Commercial Firm Warrant LLC. As of February 2018, the ultimate beneficiary of the company is Dmytro Davydenko.
