Business news from Ukraine

Business news from Ukraine

“Dneprometiz-TAS” sells 72% stake in TAS Neil to another Tigipko structure for UAH 62 mln

Dneprometiz-TAS LLC (Dnipro), owned by Ukrainian businessman Sergiy Tigipko, is selling a 72% stake in TAS Neil LLC (Khmelnytsky) to another Tigipko structure, TAS Asset Management LLC (Kyiv).

According to the company’s filing with the National Securities and Stock Market Commission (NSSMC), the decision to grant consent to the company’s major transaction was made by the Supervisory Board (SB) of Dneprometiz-TAS LLC on February 6, 2025.

It is specified that the SB’s decision concerns the sale of corporate rights (share in the authorized capital) of TAS Neil LLC (Khmelnytskyi) in the amount of 72% with a nominal value of UAH 6 million 501,689 thousand to TAS Asset Management LLC (Kyiv), which has a license to carry out professional activities in the capital markets – asset management of institutional investors (asset management activities).

TAS Asset Management LLC acts on its own behalf, in the interests and at the expense of the Novy Venture Non-Diversified Closed-End Investment Fund of TAS Asset Management LLC.

The value of the stake (total amount of the agreement) is UAH 62 million. The buyer shall pay for the share within 5 months from the date of the agreement.

TAS NAIL LLC (Khmelnytsky) was registered on 26 April 1994. The main activity is the production of wire, chain and spring products.

Dneprometiz LLC owns 72% of TAS NAIL LLC, TAS Asset Management LLC (Novy Fund) owns 18% of the company, and TAS Asset Management LLC (Trademark Fund) owns 10%. The ultimate beneficiary is Sergiy Tigipko (100% share).

The authorized capital of TAS Oil LLC is UAH 9 million 30.123 thousand.

“Dneprometiz-TAS produces hardware products from low-carbon steels. The company’s capacity is 120 thousand tons of products per year.

It is owned by T.A.S. Overseas Investments Limited (Cyprus) owns 98.6578 percent of Dneprometiz LLC.

The authorized capital of Dneprometiz-TAS LLC is UAH 83.480 million.

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Ukraine exported 26.4 mln tonnes of grains since beginning of 2024-2025 marketing year

Since the beginning of 2024-2025 marketing year (July-June) and as of February 7, Ukraine exported 26.449 mln tonnes of grains and pulses, 758 thsd tonnes of which were shipped this month, the press service of the Ministry of Agrarian Policy and Food reported, citing the data of the State Customs Service.

According to the report, as of the same date last year, the total shipments amounted to 24.716 mln tonnes, including 840 thsd tonnes in February.

In terms of crops, since the beginning of the current season, Ukraine has exported 11.073 mln tonnes of wheat (269 thsd tonnes in February), 2.079 mln tonnes of barley (15 thsd tonnes), 10.8 thsd tonnes of rye (0), and 12.865 mln tonnes of corn (472 thsd tonnes).

The total export of Ukrainian flour since the beginning of the season as of February 7 is estimated at 44.3 thsd tonnes (0.7 thsd tonnes in February), including 40.9 thsd tonnes of wheat (0.7 thsd tonnes).

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Schneider Electric has introduced Galaxy VXL, compact power protection system for data centers and AI systems

Schneider Electric, a global leader in energy management and automation, introduced the new Galaxy VXL uninterruptible power supply (UPS), which provides high-density protection for data centers, artificial intelligence (AI) systems and high electrical loads.

The new solution is designed to meet today’s demands for energy efficiency and compactness. Galaxy VXL not only reduces the cost of operation, but also maintains the resiliency of mission-critical systems such as AI and data centers that require a stable and reliable power supply.

Key benefits of Galaxy VXL

Compact design: The Galaxy VXL has a smaller footprint than similar solutions, making it ideal for installation in tight spaces.

High power density: Supports loads up to 1.5 MVA per module to meet the needs of the most power-intensive systems.

Versatility: The device is suitable for both large data centers and industrial plants requiring reliable power.

Reduced carbon footprint: Galaxy VXL meets high energy efficiency standards to help customers reduce their environmental impact.

Schneider Electric Ukraine CEO Mikhail Bubnov emphasized the importance of such innovations for the Ukrainian market:

“Galaxy VXL is a revolutionary solution that perfectly meets the requirements of modern data processing and artificial intelligence systems. We are pleased that Ukraine will be one of the first countries where this device will become available, allowing our customers to optimize their energy systems and ensure their uninterrupted operation”.

Galaxy VXL will soon be available on the Ukrainian market, offering advanced capabilities to optimize data center and industrial facilities. This device will complement Schneider Electric’s portfolio of solutions aimed at improving energy efficiency and sustainability of mission-critical systems.

Schneider Electric is a global leader in energy management and automation. The company develops integrated solutions for energy efficiency and sustainability, driving digital transformation across industries. With more than 180 years of history, Schneider Electric continues to innovate to create a sustainable future.

Schneider Electric began its operations in Ukraine in 1994, opening representative offices in Kiev, followed by Donetsk, Mykolaiv and Lviv. In 2000, Schneider Electric Ukraine LLC was established with a commercial structure and warehouse, which allowed the company to strengthen its presence in the Ukrainian market and provide customers with a wide range of solutions in the field of energy management and automation.

https://www.se.com/ua/uk/

 

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Schneider Electric unveils innovative solutions for sustainability and energy based on artificial intelligence

Schneider Electric, a leading global expert in energy management and automation, has unveiled a range of innovative solutions to address pressing energy and sustainability issues using artificial intelligence. The innovations were presented at the International Conference on Digital Transformation and Sustainable Development held in Paris.

Some solutions included innovations such as:

EcoStruxure Energy Hub – an intelligent energy management platform that allows companies to monitor resource consumption in real time and optimize their use to reduce their carbon footprint.

AI-Powered Grid Manager – an energy grid management system that uses artificial intelligence to analyze data and predictive control to improve the resilience and reliability of energy systems.

Green Building Suite – building optimization software to improve energy efficiency and reduce operating costs.

Smart Charging Station System for Electric Vehicles – a solution that integrates charging infrastructure with power grids and increases the efficiency of renewable energy sources.

According to Mikhail Bubnov, CEO of Schneider Electric Ukraine, these technologies will soon be available on the Ukrainian market.

“We are proud that our solutions presented in the global arena will be available to Ukrainian customers in the near future. This will enable the introduction of advanced technologies for energy management and automation, contributing to the sustainable development of the country and improving energy efficiency,” said Mikhail Bubnov.

According to the company’s forecasts, the use of such solutions in the Ukrainian market will contribute to improved energy management, cost reduction and transition to more environmentally friendly energy sources. This is especially important in the context of current challenges associated with the global energy crisis and the need to adapt to the standards of sustainable development.

Schneider Electric is a global leader in energy management and automation. The company develops integrated solutions for energy efficiency and sustainability, driving digital transformation across industries. With more than 180 years of history, Schneider Electric continues to innovate to create a sustainable future. Schneider Electric began its operations in Ukraine in 1994, opening representative offices in Kiev, followed by Donetsk, Mykolaiv and Lviv. In 2000, Schneider Electric Ukraine LLC was established with a commercial structure and warehouse, which allowed the company to strengthen its presence in the Ukrainian market and provide customers with a wide range of solutions in the field of energy management and automation.

https://www.se.com/ua/uk/

 

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Japan to help Ukraine restore soil with nanobubbles

Japan will assist Ukraine in restoring and increasing the fertility of Ukrainian agricultural land by introducing a promising nanobubble technology to saturate soils with oxygen, the State Agency of Ukraine for the Development of Land Reclamation, Fisheries and Food Programs reports.

The prospects for cooperation were discussed at a working meeting of the Head of the State Agency Vladyslav Nevesely and First Deputy Head Taras Kot with representatives of the Japan International Cooperation Agency (JICA) and Kakuichi on February 5.

“My previous experience with JICA has been extremely successful, as they are a team of energetic and dedicated professionals. Your interest in restoring agricultural land in Ukraine is extremely important to us, and I am confident that through synergy we will be able to achieve positive results quickly,” said Nevesely.

Currently, Kakuichi, one of the leading manufacturers of nanobubble systems, has donated three nanobubble generators to Ukraine as part of a pilot project, which are to be installed in Kyiv, Odesa and Poltava regions by the end of the month to test their effectiveness on Ukrainian farmland. Each generator can provide irrigation for about 1 hectare of land.

“The uniqueness of this technology lies in the fact that it allows us to abandon the use of chemical fertilizers. Instead, it uses an environmentally friendly approach that improves water quality and maximizes the use of nutrients contained in the soil. Water enriched with nanobubbles stimulates the natural growth of plants and helps to restore the soil,” the statement said.

It is emphasized that this technology can be especially important for the restoration of land damaged by Russian aggression.

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Greenland’s ruling party leader wants faster referendum on independence from Denmark

The process of Greenland’s independence from Denmark should be accelerated and the people of Greenland should be heard in a referendum during the next election, Greenland’s ruling Siumut party chairman Erik Jensen said.

“We want to achieve this (independence). That is our ambition. But of course it has to be in close cooperation with the people of Greenland. And that is very important. So that everyone has no doubts about what to vote for,” Jensen told Danish Radio.

The party has reportedly been divided in recent weeks after some of its members demanded the activation of Section 21 of the Self-Government Act, which outlines the path to Greenland’s independence. That initiative has now been backed by Jensen.

The party had previously cited that the commission was exploring a legal path to statehood, but Jensen said he would simultaneously activate Article 21 and begin talks with Danish Prime Minister Mette Frederiksen. “We have the work of the commission. We can also do something in parallel, we can activate Article 21 and start talks with the Danish government. This is what we will campaign on,” he said.

The chairman of Greenland’s ruling party is confident that the activation of Article 21 and negotiations with Denmark should lead to a referendum in Greenland, and it will not take long.

He cited decolonization and equality among his motives for declaring independence. “We want to be all treated equally. We haven’t had that for many years. We have many of our fellow citizens in Greenland who have been treated unequally. We want to be decolonized,” Jensen said.

As reported, the Prime Minister of Greenland – a self-governing territory of Denmark – Muthe Egede called for a vote in the Greenlandic Parliament on March 11.

Earlier, US President Donald Trump repeatedly expressed territorial claims to Greenland. In response, the Danish government announced its intention to strengthen its military presence in the Arctic and North Atlantic by purchasing three new ships for the waters around Greenland, long-range drones and satellites at a cost of almost 2 billion euros. Earlier Experts Club think tank, Brian Mefford and Maxim Urakin released a video analysis on what changes are in store for US domestic and foreign policy under Trump, the video is available on Experts Club’s YouTube channel – https://youtu.be/W2elNY1xczM?si=MM-QjSqGce4Tlq6T.

 

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