The Commercial Court of Dnipropetrovsk Oblast granted the claim of PJSC “Nikopol Ferroalloy Plant” (NZF, Dnipropetrovsk Oblast) to recover UAH 17,271,408 in debt from LLC “Kvartsit DM” (Vasylkivka, Dnipropetrovsk Oblast).
According to court documents in case No. 904/7423/25 in the Commercial Court of Dnipropetrovsk Oblast, copies of which are available to the agency “Interfax-Ukraine,” NZF filed a lawsuit seeking to recover from “Kvartsit DM” a debt of 17.271 million UAH under general contract No. 1905621 dated September 27, 2019, as well as court fees.
By a ruling dated March 19 of this year, the court ordered “Kvartsit DM” LLC to pay NZF 17,271,408 UAH. The ruling became final on April 9. On the same day, the Commercial Court issued an order for the enforcement of the ruling (the order was published on April 10).
As reported, NZF’s claims are based on the defendant’s improper performance of the terms of General Contract No. 1905621 dated September 27, 2019, regarding full and timely payment for the work performed.
According to YouControl data, Quartzite DM LLC was founded in February 1999. Its primary activity is the extraction of other minerals and quarrying.
Vespanto Limited owns a 24% stake in the LLC, Dione Trading Ltd. – 23%, Relish Holdings Ltd. – 22%, “Hyperion Holdings Ltd.” (all based in the Marshall Islands) holds 22%, and “Lascrenso Management Ltd.” (St. Kitts and Nevis) holds 9%.
The company’s ultimate beneficiaries (50% each) are Gennadiy Bogolyubov (Austria) and Timur Mindich (Ukraine).
The authorized capital is 14,314,564 thousand UAH.
NZF is Ukraine’s largest producer of silicomanganese and ferromanganese. The average monthly output of ferroalloys under stable operating conditions is approximately 55–60 thousand tons.
According to the State Registration Service data for the fourth quarter of 2025, Sofalon Investments Limited owns 15.503% of the shares of the private joint-stock company, 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%.
NZF is controlled by the EastOne Group, established 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).
