Dneprometiz-TAS LLC (Dnipro), owned by Ukrainian businessman Sergiy Tigipko, is to provide UAH 208 million to the TAS Group Association of Companies for their financial support on a repayable basis.
According to the company’s announcement in the NSSMC’s information disclosure system, the decision to grant consent to the company’s significant transaction was made by the supervisory board). Dneprometiz-TAS LLC on February 19, 2025.
It is specified that the subject of the transaction is the temporary attraction of funds for financial support of other members of the Association of TAS Group Companies on the following terms: the amount of funds temporarily attracted by the Association from Dneprometiz-TAS LLC is UAH 208 million. The funds are to be repaid within 15 calendar days from the date of receipt by the Association of the relevant request of Dneprometiz-TAS LLC for such repayment.
The funds are raised on a free (interest-free) basis and provided by wire transfer within ten days from the date of the relevant agreement.
“Dneprometiz-TAS produces hardware products from low-carbon steels. The company’s capacity is 120 thousand tons of products per year.
The company 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.
