Citrus retailer denies Korban's acquisition of company's stake

Representatives of the Ukraine-based Citrus online retail service, engaged in sales of gadgets and accessories, have denied reports that Ukrainian businessman Hennadiy Korban became its co-owner.

Read alsoUkrainian media outlet names most expensive national brandsLLC ZT-Invest is not a participant in the operating activities of Citrus and has nothing to do with its current and tangible assets, the company's press service said.

However, certain minor trademarks are indeed owned by ZT-Invest. But this has no effect on the company's operating activities, it added.

"The procedure for acquiring a stake in ZT-Invest was carried out in secret, in violation of legal procedures. The appeal was filed with the courts on March 2, 2021," the press service said.

Background

• On March 1, 2021, media reported Korban had become the owner of a 50% stake in LLC ZT-Invest.
• According to the State Enterprise Ukrainian Intellectual Property Institute (Ukrpatent), ZT-Invest owns the domain and trademark of the Citrus.ua electronics network. It was reported that in late February, Korban bought a share in the company from its co-founder Dmytro Zinchenko.