Business news from Ukraine

Business news from Ukraine

SWEDISH OWNER OF H&M TO OPEN STORE AT RIVER MALL IN KYIV

The Swedish owner of the clothing chain Hennes & Mauritz AB (H&M) will open a third store in Ukraine at River Mall shopping and leisure center at 12 Dniprovska Naberezhna Street on September 12.
As a press service of River Mall’s broker Colliers International (Ukraine) reported, the two-storey store with an area of 2,900 square meters will be designed in a new interior concept.
According to the broker, H&M Sport men’s collection will be on display in the new store for the first time in Ukraine.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 16/08/19

National bank of Ukraine’s official rates as of 16/08/19

Source: National Bank of Ukraine

FORMER WORLD CRUISERWEIGHT CHAMPION OLEKSANDR USYK TO MAKE HEAVYWEIGHT DEBUT IN CHICAGO

Former world cruiserweight champion Oleksandr Usyk (16-0, 12 KOs) will make his heavyweight debut at Wintrust Arena in Chicago on October 12, ZN.UA has reported, quoting manager Egis Klimas. The name of the opponent has not been disclosed yet.
Usyk was to make his heavyweight debut on May 25, but the fight against Carlos Takam (36-5-1, 28 KOs) was postponed due to Usyk’s injury. It was reported that the postponed fight would take place in October, but the Cameroonian boxer signed a contract with the Star Boxing promotion company, which could dramatically change the boxer’s plans.
Last November, Usyk successfully defended his titles, defeating Briton Tony Bellew in Manchester. Later, the Ukrainian gave up his cruiserweight belts and decided to move to heavyweight.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF AUGUST 16

Official rates of banking metals from national bank as of Аugust 15

One troy ounce=31.10 grams

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IBM GETS NEW CEO IN UKRAINE

IBM Corporation (the United States) has appointed Bohdan Khoroschak new director general of the company in Ukraine from August 13, 2019, according to the website of the company. “I am very pleased to be able to scale my experience in IT services for the benefit of IBM customers throughout the ecosystem in Ukraine. They increase business efficiency by implementing the most advanced solutions, taking advantage of open source technologies and multi-cloud environments,” the company quotes Khoroschak as saying.
Khoroschak has been working in IT-industry for 14 years. He deals with business development, sale management and consulting.
In 2012, Khoroschak appointed as IBM’s trade representative in Ukraine. Through 2014-2015, he became head of corporation’s software department; within 2015-2017 he chaired section of digital sales and updating of software licensing in the states of Central and Eastern Europe; and since November 2017 and until nowadays he managed technical service department in Ukraine.
His predecessor Valeriy Shliakhov held the post since January 2018.
IBM is an American company headquartered in Armonk. It is one of the world’s largest manufacturers and suppliers of hardware and software, as well as IT and consulting services.

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CYPRUS COMPANY GETS 100% CONTROL OVER HEIDELBERGCEMENT UKRAINE

Overin Limited (Cyprus) has bought back the shares of minority shareholders of HeidelbergCement Ukraine (Dnipro), having built up a 100% stake.
Thus, Overin Limited completed the procedures related to the mandatory sale by shareholders of common shares of PrJSC at the request of the owner of the dominant controlling interest, HeidelbergCement Ukraine said in the Ukrainian National Securities and Stock Market Commission’s information disclosure system.
As reported, on May 14, 2019, Cyprus-based Overin Limited affiliated with Concorde Capital became the owner of the dominant controlling stake (99.8308%) in PrJSC HeidelbergCement Ukraine.
In early February 2019, Interfax-Ukraine learnt from sources that HeidelbergCement AG, the world’s second largest cement producer, is preparing to sell its assets. Among buyers was the Ukrainian investment group Concorde Capital. PrJSC HeidelbergCement Ukraine, which unites HeidelbergCement’s Ukrainian-based cement factors, then refused to officially comment on the deal.
Concorde Capital’s partners in the deal to acquire HeidelbergCement Ukraine assets were Vice-President of PJSC Concern Galnaftogaz Vasyl Danyliak, as well as businessmen Ivan Shestak and Ihor Zavinovsky.

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