Privat Group

The Privat Group, or PrivatBank Group (Ukrainian: Група “Приват”, Grupa "Privat") is a global business group, based in Ukraine. Privat Group controls thousands of companies of virtually every industry in Ukraine, the European Union, Georgia, Ghana, Russia, the United States and other countries. Steel, oil & gas, chemical and energy are sectors of the group's prime influence and expertise. None of the group's capital is publicly traded on any .

The business group was grouped around Privatbank. On 18 December 2016 this bank was nationalized by the government of Ukraine, taking 100% ownership.

The group is controlled by the billionaire businessmen Henadiy Boholyubov, Oleksiy Martynov, and Ihor Kolomoyskyi (the latter is the richest and leading partner that is best known to the public).

As a business-oligarch entity, Privat Group controls some prominent Ukrainian media, maintains close relations with politicians, and sponsors professional sports.

Key businesses of the group (including the Privatbank itself) are based in Dnipropetrovsk Oblast, which is regarded as its "homeland". The group's founding owners, natives of Dnipropetrovsk, made their entire careers there.

The businesses of Privat Group are not formally included in a corporation, and its top managers sometimes state that there is no such group at all. However, either PrivatBank or "Privat-Intertrading" company indirectly own all companies regarded as parts of the group. Typically, industrial companies are controlled through a complicated chain of offshore companies. Despite this, the Ukrainian public has a clear understanding of what exactly belongs to the group. To describe such relations, the media use the wording “company X is controlled by the Privat Group" or "the business of the X company is being organized by the PrivatBank". The group never denies such statements.

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Wikipedia