Prioritas wins tender to manage corporate rights of IDS Ukraine group – ARMA
The commission for selecting a manager for complex assets of the National Agency for Finding, Tracing and Management of Assets (ARMA) has selected Kyiv-based Legal Bureau Prioritas LLC, owned by Zhanna Yefremova, as the winner of the tender to manage the corporate rights of the IDS Ukraine group, according to minutes of the commission meeting on Sept 23 posted on the ARMA website on Thursday.
The Kyiv-based Legal Bureau Prioritas LLC, owned by Zhanna Yefremova, has been chosen by the commission to manage the corporate rights of the IDS Ukraine group, according to minutes from the commission meeting on September 23. This decision followed the rejection of the bid from Asset Management Company Ukrkapital LLC on September 18 due to its legally and economically unjustified costs.
Prioritas offered a manager's remuneration of 0.9%, which was unanimously approved by the eight commission members. The winning company plans to increase profits, state budget revenues, and optimize logistics by analyzing markets and eliminating duplicated functions. The IDS Ukraine group expressed its acceptance of the decision while emphasizing the need for an independent valuation of the seized assets and maintaining its operating model to protect its workforce and continue humanitarian programs. The group's companies are currently functioning normally.
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