Kyiv completed the additional capitalization of Kyivmistebudp LLC for 2.56 billion hryvnias: the share of the territorial community in the company's statutory capital increased from 80% to 99.87%. The remaining 0.13% remained with private shareholders who did not participate in the additional share issuance.
How the meetings that decided the fate of billions looked
Shareholders supported the decision to increase the statutory capital on June 23, 2025 at remote meetings. Formally, 2,114 shareholders had the right to participate — only two registered. These two voted for the emission. Kyiv purchased all new shares on its own: as Kyiv City Council deputy Taras Kozak explained, "only Kyiv participated in the capitalization, so its share increased significantly".
The procedure was approved by Kyiv City Council back in October 2024. Over a year passed from the decision to the actual receipt of funds.
Why does the city need almost the entire company
The official purpose of the capitalization is financial stabilization and fulfillment of obligations to property buyers. Almost all construction projects of Kyivmistebudp are currently frozen. The company is developing a debt restructuring plan with contractors and promises to resume work on 24 objects.
"The list of priority objects for which funds will be directed to complete construction will be determined closer to the date of receipt of funds".
Acting Chairman of the Board Svitlana Samsonova, August 2025
Separately, the company is demanding compensation from the state of 2.28 billion hryvnias — the amount Kyivmistebudp estimates as the cost of accepting incomplete construction from "Ukrbud", which the government transferred to it in 2020 without financing.
Four leaders in two years
Parallel to the closure of the capitalization, the company again changed its head. According to Forbes Ukraine, in 2024–2025, Kyivmistebudp changed its leader four times. In December 2025, Dmytro Nikiforov was appointed acting chairman — an entrepreneur with experience in financial markets and drinking water production, without a public construction background. Soon, professional builder Valery Zasutsky became chairman of the board — this is presented as a step toward implementing an anti-crisis plan in 2026.
Nikiforov's predecessor Svitlana Samsonova came with experience in debt restructuring: her appointment in May 2025 was directly linked to the need to settle the company's financial obligations.
What's next
The capitalization transformed Kyivmistebudp into a de facto municipal monopoly in the social housing segment — without competitive pressure from minority shareholders and with the city budget as the only lifeline. This solves one problem (lack of capital) and aggravates another: if the funds go not to objects with real investors, but to administrative expenses or contractor debts, the city will have no external leverage.
If by the end of the first quarter of 2026 Kyivmistebudp does not disclose a specific list of objects with a financing schedule — this will signal that 2.56 billion hryvnias went to patching old debts rather than delivering new apartments.
