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Fozzy Retail intends to buy stake in City Rent Capital
KYIV. Sept 16 (Interfax-Ukraine) – The Antimonopoly Committee of Ukraine (AMCU) has granted permission to PrJSC Fozzy Retail (Vyshneve, Kyiv region) to acquire 50% of City Rent Capital LLC (Odesa).
As follows from the decision of the committee on September 2, City Rent Capital leases retail property with an area of 1,600 square meter in Boyarka (Kyiv region).
After the completion of concentration, City Rent Capital will be controlled by its beneficiary Vadym Morokhovsky and Fozzy Retail, the document says.
The beneficiaries of the participants in the concentration are also the co-owners of Bank Vostok.
According to the National Securities and Stock Market Commission, the shareholder of Fozzy Retail as of the second quarter of 2021 is Volodymyr Kostelman’s Fozzy Group.
City Rent Capital with a charter capital of UAH 100,000 was established in November 2020. Its founder and ultimate beneficiary is Morokhovsky.
Fozzy Group is one of the largest Ukrainian retailers with almost more than 690 points of sale throughout the country. As of 2020, the total area of its stores exceeded 1 million square meters.
