Yuriy Kisel: company linked to the lawmaker’s family acquired an asset for 21 million

The State Property Fund of Ukraine sold 52,7596% of shares of JSC “Kirovohrad Ore Management,” which had previously been controlled by Russian businessman Serhiy Kabargin, for 21 million UAH. The auction winner was LLC “Boomline,” among whose former co-owners was a company linked to the family of Servant of the People MP Yuriy Kisel. The corporate connection to the parliamentarian’s family is traceable through the purchaser’s previous ownership structure, not through its current owner.

The starting price for the block of shares was 18,04 million UAH. LLC “Boomline” offered 21 million UAH for the state asset and became the auction winner, media report. This concerns the controlling stake of the enterprise located in the village of Katerynivka in Kirovohrad region. The sale took place after the shares were seized in favor of the state by a decision of the High Anti-Corruption Court. Before the asset transferred to state ownership, the enterprise had been under the control of Russian businessman Serhiy Kabargin. He was linked to the holding “Titan-2,” which participated in construction projects for the Russian state corporation Rosatom. In November 2025 the High Anti-Corruption Court ruled to seize the block of shares of “Kirovohrad Ore Management” in favor of the state. After that, the State Property Fund put the confiscated asset up for an open auction. Particular attention is drawn to the previous ownership structure of the purchasing company. Until June 2026, half of LLC “Boomline” belonged to the company “Prombudresurs KR.” That legal entity was connected to the spouses Oleksandr and Natalia Pasichnyk. Natalia Pasichnyk was previously a co-founder of LLC “Atlasinfra” together with Valentyna Kisel — the wife of MP Yuriy Kisel. Thus, the link between the purchaser of the state asset and Yuriy Kisel’s family is traceable through Boomline’s former co-owner and their joint participation in the structure “Atlasinfra.” At the same time, the corporate data presented do not indicate that Yuriy Kisel himself owns LLC “Boomline” or controls it. At the time of the auction, Valeriy Kovalchuk was listed as the company’s owner and director. Yuriy Kisel is a member of parliament from the Servant of the People party. His name also appears in materials concerning an investigation into the possible transfer of cash to MPs in envelopes. However, mention of that case does not prove the parliamentarian’s involvement in the acquisition of “Kirovohrad Ore Management.” Similarly, the corporate ties of Boomline’s former co-owners are not proof that Yuriy Kisel participated in preparing or financing the auction.

LLC “Boomline”’s financial indicators for 2025 year also raise questions about the company’s resources to acquire a large industrial asset. For the year the enterprise reported a loss of 9,2 thousand UAH, and its equity was negative. The cash balance on accounts at the end of the reporting period was only 11,9 thousand UAH. At the same time, in October 2026, “Boomline” paid a 3,61 million UAH guarantee deposit to participate in the auction. That amount was a required condition for admission to the bidding. Where exactly the funds for the guarantee deposit and for the subsequent payment for the purchased block of shares came from is not stated in the provided information. There is also no information about the sources of financing by which the company plans to fulfill the obligations of the new owner. After the sale’s completion, LLC “Boomline” must not only pay for the purchased block of shares but also comply with privatization conditions. In particular, the buyer must preserve the enterprise’s primary type of activity and not lay off its employees for six months. A separate obligation is to repay the overdue indebtedness of “Kirovohrad Ore Management.” According to information provided for the auction, as of 30 June 2026 the enterprise’s overdue debts amounted to 11,1 million UAH and 105 thousand US dollars. Thus, the buyer’s financial obligations are not limited to paying 21 million UAH for the shares. The new owner will also have to settle the accumulated debt and ensure compliance with conditions to preserve the enterprise’s operations. The sale of the ore management enterprise completed the transfer of the controlling stake from a structure linked to Serhiy Kabargin to a private buyer through a state auction. At the same time, the prior ties among Boomline’s co-owners, the company’s financial indicators, and the scale of the purchased enterprise’s debts leave questions about the origin of the funds used for the purchase and the buyer’s subsequent ability to meet privatization obligations. The available data do not establish Yuriy Kisel’s participation in acquiring the asset, but they explain why his family’s corporate ties became a focal point after the auction results were announced.