Forbes Ukraine: Fiala transfers most assets to family trust while retaining media and bank

Czech businessman Tomas Fiala transferred most of his assets to the Fiala Family Trust in 2025, Forbes Ukraine reports.

According to the outlet’s analysis of YouControl data, Fiala transferred ownership of 24 commercial real estate properties with a total area exceeding 530,000 square meters, as well as several business assets, including the producer of Truskavetska mineral water, the finance.ua platform, the Ministry of Finance media outlet, and the Ukrainian Retailers Association.

At the same time, Ukrayinska Pravda, NV, Radio NV, and Unex Bank remain under Fiala’s control.

Dragon Capital’s press service told Forbes Ukraine that despite changes in the ownership structure, all these companies remain part of the Dragon Capital group, as their beneficiaries are members of the same family.

The beneficiaries of the Fiala Family Trust are Fiala’s children and his mother.

• For comparison, in 2023 Smart Holding announced that its sanctioned owner, Vadym Novynskyi, had transferred his assets to a trust and no longer controlled the group. Ukrainian authorities dispute this claim in court, and the Cypriot citizens to whom Novynskyi transferred Smart Holding assets have also been placed under sanctions.
• In 2016, after being elected president, Petro Poroshenko transferred his business assets to a blind trust managed by Rothschild Trust. It later emerged that the ultimate beneficiary of the business became his son, Oleksii Poroshenko, who stepped back from political activity in 2019.