One of the leading developers in Lviv, the company ‘Riel’, has begun the process of consolidating its assets by merging its main legal entities into a single holding. According to the company’s executive director, Rostyslav Melnyk, this step will create a transparent ownership structure, which is a necessary condition for attracting foreign investment.
This is reported by Finway
Business Consolidation for Financial Transparency
‘Riel’ is forming a holding structure that includes the largest development companies in the group. This model allows for a clear reporting system and a well-defined beneficiary.
“Without such a structure, it is impossible to cooperate with any foreign financial institutions that provide loans or enter into partnerships”
– noted Melnyk.
Negotiations with International Funds
The company’s management emphasizes that to receive support from international funds, a corporate model that meets global transparency standards and is validated by audits from reputable firms is necessary. ‘Riel’ is currently engaged in active negotiations with several private investment entities and is in constant dialogue with international financial organizations such as the IFC and EBRD.
According to the plan, the company intends to complete the structuring of the holding by the end of spring 2026. By next year, ‘Riel’ expects to sign the first contracts with international funds for financing and implementing joint development projects.