Business news from Ukraine

Business news from Ukraine

“Epicenter” plans to buy Dyvocenter

The Antimonopoly Committee of Ukraine (AMCU) has granted Epicenter K LLC a permit to acquire control over Dyvotsentr LLC (both in Kyiv), the beneficiary of which is MP Oleg Seminsky (Servant of the People faction). The Ministry issued the relevant merger clearance on October 3.

According to Opendatabot, the beneficiaries of the DivoCenter LLC registered in July 2024 are Oleh Seminsky and Tetiana Bushai. Seminsky is also a beneficiary of Delois LLC, which was the customer for the construction of the KyivMall shopping and entertainment center at the intersection of Hryhorenko and Kolektorna streets in the Darnytskyi district of Kyiv.

KyivMall was scheduled to be commissioned in 2014, but construction was stopped in 2013. The area of the facility would have been 80.4 thousand square meters.

Epicentrk Group is an omnichannel ecosystem that unites Epicentrk and Nova Liniya retail chains, epicentrk.ua online store, Epicentrk-Agro agricultural holding, Epicenter Ceramic Corporation ceramic tile production plants, Osmoloda woodworking plant, and logistics facilities.

Before Russia’s full-scale invasion of Ukraine, the Epicenter chain included more than 80 shopping centers in all regions of the country. The war destroyed seven shopping centers in Mariupol, Nikopol, Bucha, Chernihiv, Kharkiv and Kherson (two). Three more facilities (in Melitopol, Kramatorsk and Kharkiv) are out of operation due to the occupation of Ukrainian territories, shelling or proximity to the war zone.

The group’s retail network includes 71 stores under the Epicenter and Nova Liniya brands.

Despite the significant losses, the retailer continues to invest in the economy: in 2022-2023, it invested over UAH 14.2 billion in various projects. In general, the Epicenter Group’s investment plan until 2030 envisages the development of projects in retail, manufacturing, agriculture, logistics, e-commerce, and energy for a total of about UAH 100 billion.

According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the members of Epicenter K LLC are Oleksandr Gerega (51.3%), Halyna Gerega (47.97%), and Tetiana Surzhyk (0.73%).

,