PrJSC Nikopol Ferroalloy Plant (NFP, Dnipropetrovsk region) is trying to recover UAH 95.825 million in debt from PrJSC Marganetsky Mining and Processing Plant (MGZK, Dnipropetrovsk region) under a repayable financial assistance agreement.
According to court documents in case No. 904/1083/26 in the Commercial Court of Dnipropetrovsk region, copies of which are available to Interfax-Ukraine, NZF has filed a lawsuit against MGZK and is seeking to recover the debt.
The claims are based on the defendant’s improper performance of the terms of the agreement for the provision of repayable financial assistance No. 2203530 dated November 21, 2022.
The court left the statement of claim without consideration and gave the plaintiff seven days from the date of delivery of this ruling to remedy the deficiencies in the statement of claim, namely to provide proper evidence of payment of the court fee in the amount of UAH 831,840 thousand.
The ruling came into force upon its signing by the judge on March 6, 2026, and was made public on March 9.
Earlier it was reported that the Zaporizhzhya Ferroalloy Plant (ZFP) filed a lawsuit to recover from MGZK the debt under the contract for the supply of ferroalloys No. 11-2022/32 dated January 27, 2022, in the total amount of UAH 42 million 174.790 thousand. The claims are based on the defendant’s breach of contract in terms of payment for the delivered goods.
NZF, ZZF, and MGZK are part of the informal Privat Group.
NZF is Ukraine’s largest producer of silicon and ferromanganese. The average monthly output of ferroalloys during stable operation of the enterprise is about 55-60 thousand tons.
According to the NDU data for the fourth quarter of 2025, Sofalon Investments Limited owns 15.503% of the shares of PJSC, Rougella Properties Ltd. – 9.6904%, Dolemia Consulting Ltd. – 15.7056%, Sonerio Holdings Ltd. – 9.2158%, Manjalom Limited – 5.8824%, Treelon Investments Limited (all – Cyprus) – 15.1013%.
The NFP is controlled by the EastOne group, created in the fall of 2007 as a result of the restructuring of the Interpipe group, as well as the Privat group (both based in Dnipro).
MGZK develops the eastern part of the Nikopol manganese ore deposit (Grushevsko-Basanska section). The combine includes four mines, one of which is under construction, one quarry – Grushevsky, and an enrichment plant.
According to NDU data for the fourth quarter of 2025, the largest shareholders of MGZK are Couttenmax Holdings Limited, Mosfilia Investments Limited, and Humax Enterprises Limited, each of which owns 23.8933% of the company’s shares, as well as Fianex Holdings Limited (all based in Cyprus), which owns 24% of the shares.
