On August 18, 2025, the HACC Appeals Chamber partially granted the motions of representatives of Zaporizhzhia Ferroalloy Plant JSC, Nikopol Ferroalloy Plant JSC, Pokrovsk Mining and Processing Plant JSC, and suspect Ihor Kolomoiskyi to lift the seizure of property.
The panel of judges annulled the rulings of July 14 and 16, 2025 that had imposed the seizure and issued new ones, rejecting the detective’s motions. As a result, the property seizure was lifted, though the shares of corporate rights remain under arrest.
The case concerns:
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10.29% of the corporate rights of Zaporizhzhia Ferroalloy Plant JSC — 24.45 million shares 10.29% of the enterprise’s assets
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24.75% of the corporate rights of Nikopol Ferroalloy Plant JSC — 384.6 million shares 24.75% of the enterprise’s assets
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24.28% of the corporate rights of Pokrovsk Mining and Processing Plant JSC — 178.7 million shares.
The seizure had been imposed to secure potential future confiscation. The prosecutor argued that, according to the registry, these shares are indirectly owned by Ihor Kolomoiskyi.
Representatives of the Zaporizhzhia and Nikopol plants insisted that by the time of the seizure, Kolomoiskyi was no longer listed among the beneficial owners, and changes in the ownership structure became known on July 15. Representatives of Pokrovsk plant stated that the company is not a party to the criminal proceedings.
The prosecutor objected, stressing that registry data confirm ownership of the corporate rights. He asked to maintain the seizure of the property to ensure that the charter capital would not remain merely “paper” ownership, but would in fact secure the preservation of assets.
As we reported earlier, former PrivatBank owner Ihor Kolomoiskyi is suspected, together with accomplices, of embezzling UAH 9.2 billion from the bank under the guise of “stabilizing” the financial institution.