Automatically translated version. May contain inaccuracies compared to the original.
The court issued a decision to return the shares of Dniproavia to the state.
On Wednesday, 4 November, the Northern Commercial Court of Appeal issued a decision to return the state’s controlling stake in the airline Dniproavia. A panel of judges granted the claims and annulled the share purchase agreement concluded in August 2009. This was reported by attorney Olena Donenko, who took part in the court proceedings.
According to her, the panel considered the appeals of the Dnipro City Council, the State Property Fund of Ukraine, and Haltera LLC and decided to annul the agreement dated 28 August 2009, year No. KPP-557 concerning the purchase and sale of a block of shares of JSC Aviation Company Dniproavia, concluded between the State Property Fund of Ukraine and Haltera LLC.
“The court also obliged the depository institution to write off from Haltera’s account 111 956 480 shares of Dniproavia, i.e., 94,572%, to the account of the state of Ukraine,” the attorney said.
Thus, the court made a decision to annul the privatization agreement and return the state’s controlling stake in Dniproavia.
“The road was long, and at its very start almost no one believed in success. Back then it seemed impossible even to deprive Kolomoyskyi’s structure of the aerodrome operator certificate. But we did it, and we did it in the interests of the Dnipro City Council. Essentially, in the administrative process we managed to implement an analogue of a collective lawsuit, where the court protects the interests of the entire community, not a single person,” Donenko added.
Recall that in 2009 the State Property Fund sold the block of shares to Haltera for about 59 million hryvnias, and the buyer was supposed to invest 882,1 million hryvnias in the airport’s development. Failure to fulfill the investment obligations became the subject of a years-long legal dispute.
Already in 2023 Mayor of Dnipro Borys Filatov reported that after a years-long fight for the Dnipro airport the state, represented by the Dnipro City Council and NABU, finally won it back from businessman Ihor Kolomoyskyi. A cassation appeal still lies ahead, but “the airport has already been wrested from Kolomoyskyi’s hands.” Several more years have passed since then.
Document: PDF proof of the original version of the news item "Структура Коломойського втратила контроль над Дніпровським аеропортом: рішення апеляційного суду". It records the publication content at the moment of the first scan, the preservation date and the source: ZN.ua.