KYIV, June 5 - TPS Real Estate, controlled by Russian businessmen Igor Rotenberg, Alexander Ponomarenko and Alexander Skorobogatko, is in talks with the Ukrainian investment fund Dragon Capital about the sale of the Ocean Plaza trade and entertainment center in Kyiv, the Kommersant newspaper reported citing sources familiar with the negotiation process.

"TPS Real Estate, in particular controlled by Igor Rotenberg, is ready to curtail its business in Ukraine and sell the Ocean Plaza trade center. Negotiations on its purchase are conducted by the local company Dragon Capital, which for the last two years has been actively buying commercial real estate in the country. The Russian company can sell this asset for $270-315 million: the object was estimated at almost the same amount six years ago, when TPS entered the local market," the newspaper says.