Powers Place LLC, a co-owner of ATB Corporation, Gennadiy Butkevych, plans to gain control over Zhytomyr Investments LLC. The relevant issue of granting the company’s merger clearance is included in the draft agenda of the Antimonopoly Committee of Ukraine posted on its website.
According to Opendatabot, the owner of Zhytomyr Investments LLC is Cyprus-based Vensimars Management Limited, with Oksana Palytsia as the ultimate beneficiary.
City Estate Management LLC is listed as the owner of Power Place LLC, and Gennadiy Butkevych is the beneficiary.
As reported, in April 2025, Butkevych’s BGV Development company opened the first shopping center in its portfolio, Zhytomyr, in Zhytomyr.
BGV Group Management is an investment group founded in 2015 to create innovative and highly efficient businesses focused on the production of high value-added products. The company has five business areas, within which it develops projects in mining, energy efficiency, retail, development and education. The company’s founder Gennadiy Butkevich is also a co-owner of ATB Corporation.
Since 2022, BGV has been focusing on development, taking into account the priority of restoring and building new residential, commercial and other infrastructure facilities in Ukraine. In June 2024, a new company, BGV Development, was established as part of the group, which is engaged in development projects.
Butkevich, Zhytomyr Investments
