Business news from Ukraine

Business news from Ukraine

Kyivmiskbud has completed its recapitalization

22 May , 2026  

The National Securities and Stock Market Commission (NSSMC) has registered a report on the results of Kyivmiskbud’s share issuance without a public offering; the relevant resolution took effect on the date of adoption, May 20, 2026, according to the developer’s press service.

“This is the final stage of the company’s recapitalization, which took place thanks to the support of the city authorities. We are grateful to the National Securities and Stock Market Commission for this decision, as we have received an effective tool to resume Kyivmiskbud’s active operations and unconditionally fulfill all obligations to investors and the community in full,” said Valerii Zasutskyi, chairman of the company’s board.

As a reminder, on October 31, 2024, the Kyiv City Council voted to recapitalize Kyivmiskbud by UAH 2.56 billion through the issuance and redemption of additional shares. On June 23, 2025, the company’s shareholders approved a decision to increase the authorized capital by UAH 2.56 billion through the issuance of additional common registered shares. The company received this recapitalization in December 2025. The Kyiv territorial community was the sole participant in the share placement.

As reported, Kyivmiskbud’s balance sheet includes 24 construction sites where over 120 residential buildings at various stages of completion have been erected. The total area of unfinished construction exceeds 548,000 square meters. The developer resumed work in March 2026 at a number of sites, including “Podil Grad,” “Gvardiyisky,” “Rainbow,” Freedom, “Obereg-2,” Twin House, and “Urlovsky-1.” The resumption of work at the “Apricot” residential complex is scheduled for June, and work on meeting technical requirements for utility infrastructure at the “Mirax” and “Medovy” residential complexes has also continued.

Kyivmiskbud Holding Company was established in 1994 on the basis of the assets of the state-owned municipal construction corporation Kyivmiskbud by consolidating controlling stakes in 28 enterprises and other assets into its authorized capital.

It comprises 40 joint-stock companies in which the company holds shares, as well as six subsidiaries and 51 enterprises with associate member status.

According to data from the National Securities and Stock Market Commission (NSSMC), the Kyiv City Council is the major shareholder of Kyivmiskbud Holding Company.

 

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