NJSC Naftogaz Ukrainy, as the sole shareholder of JSC Ukrtransnafta, has allowed the company to conclude an agreement for the sale of 80,000 tons of Azeri Light oil (plus or minus 10%) to the subsidiary of the Belarusian Oil Company – BNK (UK) Limited (the United Kingdom).
The decision of Naftogaz made on October 21 was published on the Ukrtransnafta’s website.
Earlier, on August 17, Naftogaz agreed on the possibility of Ukrtransnafta selling a batch of 90,000 tonnes of oil (± 10%) on FOB terms at the port of Pivdenny.
In addition, by the decision of October 15, Naftogaz agreed on the possibility of Ukrtransnafta selling the second batch of Azeri Light oil of 90,000 tonnes (± 10%) on the basis of EXW delivery to the tank farm of the Kremenchuk linear production and dispatching station (LPDS). Thus, it can be assumed that the buyer of oil will supply it for the needs of the Kremenchuk Refinery (Ukrtatnafta).
National bank of Ukraine’s official rates as of 13/11/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of November 13
One troy ounce=31.10 grams
Horizon Capital, a leading private equity firm in Emerging Europe, has increased its stake in Datagroup, Ukraine’s leading fiber infrastructure and digital services provider, from 73.46% to 96.13%, via its $370 million fund, Emerging Europe Growth Fund II, L.P. (EEGF II).
The deal participants said in a joint press release published on Thursday that EEGF II is pleased to be the sole investor in Datagroup, alongside CEO Mykhailo Shelemba, who holds 3.87%.
As a result of this transaction, the company’s founder Oleksandr Kardakov, and other minority investors, have fully exited Datagroup. Financial details of this deal were not disclosed.
“Since assuming operational control of the company in 2016, Datagroup has completed a full business turnaround, reducing net debt to EBITDA by 9 times to a low 0.3 level today, and delivering over 20% compound annual growth in EBITDA. Datagroup continues to invest heavily into CAPEX, embarking on a network modernization program that will enhance further the high quality of services and innovation provided to its valued clients,” Horizon Capital Principal Dmytro Boroday, who leads this transaction at Horizon Capital, Said.
He also said that Datagroup has boosted its leading position in B2B, wholesale, international traffic and satellite communication segments, and is poised to deliver continued solid growth, both organically and through M&A.
“I am proud of the company’s results and the successful transformation that has taken place over the past four years. I am pleased that the company has strengthened its partnership with Horizon Capital, an investor that has backed Datagroup for many years, and wish them success in their strategic ambitions. I am confident that, together with management, they will take Datagroup forward to a new stage of growth and development,” Oleksandr Kardakov, founder and former shareholder of Datagroup, said.
The money supply in Ukraine in October 2020 increased 2%, to UAH 1.757 trillion, according to preliminary data of monetary statistics on the website of the National Bank of Ukraine (NBU).
According to the data, the monetary base (reserve funds) over the past month grew by 2.4%, to UAH 581.722 billion.
The central bank also said that off-bank funds (M0) in October also expanded by 2.2%, to UAH 485.906 billion.
According to the NBU, the deposit portfolio of banks over the past month increased 1.9%, to UAH 1.268 trillion, in particular, in national currency it grew by 2.6% (to UAH 764.932 billion), and in foreign currency by 0.5% (to UAH 502.980 billion).
At the same time, the loan portfolio of banks in October decreased 2%, to UAH 958.34 billion, including in the national currency – 1.8% (to UAH 595.417 billion) and in foreign currency – 2.3% (to UAH 362.923 billion ), the bank said.
According to the central bank, net forex reserves narrowed by 2.7% in October, to $15.368 billion.
Ukraine decreased the export of titanium containing ore and concentrate in kind by 15.3% in January-October 2020 compared to the same period in 2019, to 437,702 tonnes.
According to statistics released by the State Customs Service, in January-October 2020, the export of titanium ore and concentrate in monetary terms decreased 15.1%, to $107.45 million.
Ukraine imported 890 tonnes of titanium ore for $748,000 during that period (711 tonnes of ore for $500,000 in January-October 2019).
Vilnohirsk state mining and metallurgical combine (Dnipropetrovsk region), Irshansk state mining and processing combine (Zhytomyr region), Valki-Ilmenite and Mezhdurechensk Mining and Concentration Complexes (both are located in Irshansk, Zhytomyr region) are the main producers of titanium ore in Ukraine.
Dnipro-based Velta production and commercial firm built a mining and processing complex at the Birzulivske ilmenite deposit, which has a 240,000-tonne ilmenite concentrate capacity per year.
Holding company Velta Group Global Ltd. was registered in London in November 2011.
