The Antimonopoly Committee of Ukraine (AMCU) may permit Gorky Agrofirm (Kyiv), part of the agricultural holding Ristone Holdings, to purchase Kosari distillery (the village of Kosari and the town of Smila, Cherkasy region), the right to which the company won at a privatization auction in November for UAH 162.88 million.
The state regulator considered the relevant issue at a meeting on December 30.
According to the website of the State Property Fund of Ukraine (SPF), the privatized asset consists of 1,360 names of buildings, structures, movable and other property, including an industrial building, a fermentation department, a granary and a distillery, a company store, a pig farm, warehouses, hangars, etc. The facility is equipped with basic technological equipment, as well as the necessary communications.
The enterprise is located on nine land plots with a total area of 75.74 hectares the village of Kosari and the town of Smila.
Ristone Holdings is an agricultural vertically integrated holding.
Ristone Holdings cultivates 65,800 hectares on the territory of Dnipropetrovsk, Kharkiv and Zaporizhia regions. It is engaged in the cultivation of grain and industrial crops, animal husbandry, production and wholesale and retail trade in agricultural products, in particular, flour, bread, bakery products, etc.
Privatization of the alcohol industry involves the sale by the State Property Fund of 41 distilleries of the state-owned enterprise Ukrspyrt and another 37 factories united in the Ukrspyrt concern. In total, it is expected to attract about UAH 2 billion. At the same time, in 2020, the amount of assets sold at 20 auctions amounted to UAH 1.26 billion.
National bank of Ukraine’s official rates as of 31/12/21
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of December 31
One troy ounce=31.10 grams
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The National Depository of Ukraine (NDU) on December 29 registered the first issue of deposit certificates in Ukraine, the issuer of which was Bank Avangard (Kyiv), the institution’s press service reported.
“A new instrument – a deposit certificate appeared thanks to the innovations of law No. 738 (came into force on July 1). This is the first case when an issue is registered by the central depository, and we hope for great attention to this instrument from the capital market participants,” the NDU said.
The National Depository noted that the technology for issuing a deposit certificate is completely based on paperless communication.
“This is another significant step in the direction of securitization, thanks to which new financial instruments appear,” Maryna Adamovska, a member of the NDU board, said.
As reported, the head of the debt securities issue department of ICU Investment Group, which includes Bank Avangard, Ruslan Kilmukhametov, in mid-December announced the debut issue of deposit certificates for the market.
“The bank’s deposit certificate is a revolutionary product for Ukraine, as it shortens the issuer’s path to the capital market from 2-3 months when issuing bonds to 2-3 working days required for the placement of bank certificates,” he said.
The expert explained that in case of a non-public offering, that is, with a well-known circle of persons, the registration of the issue is carried out by the NDU, and not by the regulator, the National Securities and Stock Market Commission.
“Thus, the bank can very quickly enter the deposit certificate market. If it needs money, it can “raise its hand,” gain demand, register an issue and sell these certificates,” the head of the ICU department noted.
PJSC ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) in January-November this year increased production of rolled iron ore by 3.3% compared to the same period last year – up to 10 million tonnes.
An enterprise representative told Interfax-Ukraine about 900,000 tonnes of concentrate were produced in November.
Earlier, the general director of ArcelorMittal Kryvyi Rih, Mauro Longobardo, reported that ArcelorMittal Kryvyi Rih in 2020 increased production of iron ore concentrate by 8.3%, to 10.7 million tonnes, ore extraction increased by 4.5%, to 25.6 million tonnes.
ArcelorMittal Kryvyi Rih is the largest manufacturer of rolled steel in Ukraine. It specializes in production of long products, in particular, rebar and wire rod.
ArcelorMittal owns the largest mining and metallurgical plant in Ukraine ArcelorMittal Kryvyi Rih and a number of small companies, in particular, PJSC ArcelorMittal Beryslav.
