Kyivmiskbud Completes $2.56 Billion Capital Increase in Final Recapitalization Step

Final Report on Share Issuance for PJSC HC Kyivmiskbud

According to Главком: The final stage of Kyivmiskbud's recapitalization has concluded with the registration of a report on the issuance of shares without a public offering. This milestone was confirmed by a decision from the National Securities and Stock Market Commission, which took effect on May 21, 2026.

The company's recapitalization was made possible after the Kyiv City Council voted on October 31, 2024, to allocate 2.56 billion UAH through the issuance and purchase of additional shares. On June 23, 2025, shareholders approved increasing the authorized capital by the same amount via the issuance of additional registered ordinary shares. The sole participant in the share placement was the territorial community of Kyiv.

Company Crisis and Leadership Changes

In September 2024, Kyivmiskbud was on the brink of bankruptcy, leaving 20,000 families without housing. On September 28, 2024, a group of investors from unfinished projects by Ukrbud and Kyivmiskbud held a protest outside the Kyiv City State Administration. After meeting with demonstrators, Kyiv Mayor Vitali Klitschko outlined the agreements reached.

In December 2025, the supervisory board of Kyivmiskbud appointed Dmytro Nikiforov as acting head of the board, replacing Svitlana Samsonova. Commenting on the completion of the recapitalization, Valeriy Zasutsky stated:

This marks the final phase of the company's recapitalization, made possible thanks to support from the city authorities. We are grateful to the National Securities and Stock Market Commission for this decision, as it provides us with an effective tool to resume Kyivmiskbud's active operations and fully meet all obligations to investors and the community. - Valeriy Zasutsky

The completion of Kyivmiskbud's recapitalization demonstrates significant backing from city authorities and the National Securities and Stock Market Commission. This is a crucial step for stabilizing a company that had faced severe financial difficulties. Restoring its operations could positively impact Kyiv's real estate market, particularly by fulfilling commitments to investors and providing housing for families left in precarious situations due to the company's earlier problems.