Veon Plus LLC, the owner of Radisson Blu Hotel in Podil in Kyiv, received UAH 50.9 million of net loss in January-September 2020 against a profit of UAH 2.9 million last year.
According to the company’s statement in the information disclosure system of the National Securities and Stock Market Commission, income decreased by 58.4% to UAH 39.8 million in the nine months.
The gross profit decreased by 83% to UAH 9.4 million, the operating loss amounted to UAH 29.8 million against a profit of UAH 25.1 million in January-September 2019.
Uncovered loss increased by 17.8% and amounted to UAH 337.2 million for the reporting period. The company’s long-term liabilities increased by 0.8% to UAH 455.3 million, while the current ones decreased by 40.7% to UAH 36.6 million.
The assets of Veon Plus decreased by 7.3% in the nine months and amounted to UAH 410.5 million.
In 2019, Veon Plus increased its net profit by 49% to UAH 5.5 million compared to 2018, net income decreased by 7% to UAH 130.2 million.
Veon Plus LLC was founded in 2006. In 2012, the company transferred the integral property complex of Radisson Blu Hotel in Podil to the management of Rezidor Hotels Aps Danmark (Denmark).
The opening of Radisson Blu Hotel with 163 rooms at 17-19 Bratska Street took place in 2012. CJSC Hotel Development (Moscow, Russia) acted as the project’s investor. Investments in the facility were approximately $ 40-45 million.
According to the National Securities and Stock Market Commission, as of October 2020, the owner of the 100% stake in Veon Plus is T.A.S Property Limited (Cyprus).
As reported, with reference to the data of the legal group CMS, the transaction on the purchase of Radisson Blu Hotel in Podil by Sergiy Tigipko took place in 2016. Its cost was EUR 9.2 million.
The charter capital of the company is UAH 63.9 million.
The Antimonopoly Committee of Ukraine (AMC) is considering the issue of permits to Devisal Limited (Nicosia, Cyprus), owned by Ukrainian businessman Sergiy Tigipko, to buy shares in Wesla Investments Limited (the British Virgin Islands).
According to the AMC’s agenda, the deal will provide Devisal Limited with over 50% of the voting shares on the board of Wesla Investments.
According to the unified state register, Wesla Investments Limited is the only participant with a 100% share in the charter capital of Veon Plus LLC (Kyiv), which is the owner of Radisson Blu Hotel in Podil. The ultimate beneficiary of the company as of October 3 is Moldovan citizen Victor Garaba.
Until June 2016, according to the state register, the ultimate beneficiary of Veon Plus LLC was Russian citizen Sergey Kovalev.
As reported, with reference to the CMS legal group, the transaction for the purchase of Radisson Blu Hotel in Podil by Sergiy Tigipko was completed in 2016, its cost amounted to EUR 9.2 million.
