KYIV. April 28 (Interfax-Ukraine) – President and owner of DCH Group Oleksandr Yaroslavsky on Wednesday acquired a controlling stake in public joint-stock company Kharkiv Tractor Plant.
The press service of DCH reported that the proposal to sign the deal was from a shareholder in the plant and Austrian businessman Siegfried Wolf.
“In the situation with the plant it should be urgently saved. We can’t be having that the enterprise with a large potential dies. Wellbeing of almost 10,000 Kharkiv residents [workers with their families] and around 100,000 workers of adjacent enterprises all over Ukraine depends on its stability. An international consortium that we have created will work to achieve two key goals: restoration of production and return of Kharkiv Tractor Plant to the international level,” the press service said, citing Yaroslavsky.
The deal is being finalized.
Kharkiv Tractor Plant produces wheeled and tracked tractors, as well as road-building machinery based on tractors.
