The Antimonopoly Committee of Ukraine (AMCU) has permitted the Dragon Capital investment company to acquire over 50% of the shares of Treeum Holdings Limited, the owner of the Finance.ua and Minfin.com.ua publications, as well as Finline, Bank Online and Multi.ua.
“Permission is granted to Dragon Capital Investments Limited (Nicosia, Cyprus) to acquire shares of Treeum Holdings Limited (Larnaca, Cyprus), which grants that 50% of the votes in the company’s management body are exceeded,” the committee said on its website on Monday.
According to the information on the holding’s website, Treeum is a Ukrainian online platform that compares and sells financial products, supports an online currency exchange platform, reliable ratings and statistics, as well as news, comments and professional analytics.
The revenue of Finance.ua in 2019 amounted to about UAH 17.8 million, net profit – about UAH 0.5 million, that of Minfinmedia – UAH 36.9 million and almost UAH 1 million, respectively, Banking Class – UAH 10.9 million and UAH 0.1 million.
Multi.ua and Finline last year saw revenues of UAH 6.6 million and UAH 1.3 million, respectively, and a net loss of UAH 0.7 million and UAH 2.3 million.
According to the public register, Ksenia Vaisman, a Russian citizen living near Kyiv, is indicated as the beneficiary of Treeum Holdings Limited.
This year, USAID Financial Sector Transformation Project (FST) financed the launch of the LIGA.Money platform by LigaBusinessInform Investment Agency. According to the agency, NV and Finclub also participated in the competition, while the companies of Treeum Holdings were not admitted to it.
Dragon Capital is one of the largest investment companies in Ukraine. It works in the field of direct investment and financial services, provides a full range of investment banking and brokerage services to corporate and private clients. The ultimate beneficiary of Dragon Capital in the public register is a Czech citizen, President of the European Business Association Tomas Fiala.
Fiala is the owner of the NV media holding, which includes the eponymous magazine, portal and radio.
The Antimonopoly Committee of Ukraine (AMCU) at a meeting on Monday allowed a nonresident individual to acquire over 50% of the shares of BTA Bank (Kyiv).
“Permission is granted to an individual – a citizen of the Republic of Belarus to purchase shares of JSC BTA Bank, which grants that 50% of the votes in the management body of the company are exceeded,” the committee said on its website on Monday.
BTA Bank was founded in 1992. According to the National Bank of Ukraine (NBU), at the beginning of 2020, Kenes Rakishev was a shareholder of the bank, who indirectly owned 100% of the bank’s charter capital.
According to the NBU, as of October 1, 2020, BTA Bank ranked 71st in terms of assets (UAH 385.612 million) among 74 operating banks.
Income from domestic cargo transportation of JSC Ukrzaliznytsia in October 2020 increased by 3.2% against October 2019, up to UAH 2.2 billion.
According to the press service of the company on Monday, in September, income from domestic cargo transportation was 6% higher (compared to September 2019) and amounted to UAH 2.1 billion.
According to Ukrzaliznytsia, such indicators became possible due to organized route departures, improved operational efficiency, improved dispatching, and elimination of the locomotive shortage by extending the service legs.
It is reported that the largest increase in income in September-October was recorded in transportation of mineral construction materials, ferrous metals, iron ore and grain cargo. In addition, the positive dynamics of income was shown by transit freight rail transportation, amounting to 19.5% and 5.9%, respectively. In monetary terms, income from transit traffic amounted to UAH 635.6 million in September, and UAH 523 million in October.
Income from domestic cargo transportation of JSC Ukrzaliznytsia in October 2020 increased by 3.2% against October 2019, up to UAH 2.2 billion.
According to the press service of the company on Monday, in September, income from domestic cargo transportation was 6% higher (compared to September 2019) and amounted to UAH 2.1 billion.
According to Ukrzaliznytsia, such indicators became possible due to organized route departures, improved operational efficiency, improved dispatching, and elimination of the locomotive shortage by extending the service legs.
It is reported that the largest increase in income in September-October was recorded in transportation of mineral construction materials, ferrous metals, iron ore and grain cargo. In addition, the positive dynamics of income was shown by transit freight rail transportation, amounting to 19.5% and 5.9%, respectively. In monetary terms, income from transit traffic amounted to UAH 635.6 million in September, and UAH 523 million in October.
As reported, from November 1 to November 19, Ukrzaliznytsia loaded more than 15 million tonnes of cargo, which is 6.2% more than in the corresponding period last year.As reported, from November 1 to November 19, Ukrzaliznytsia loaded more than 15 million tonnes of cargo, which is 6.2% more than in the corresponding period last year.
The free trade area (FTA) between Ukraine and Israel will take effect on January 1, 2021, Ukrainian President Volodymyr Zelensky has said.
“This is a new level of relations between the countries and the ‘green light’ to the growth of Ukraine’s exports, closer cooperation in the fields of high-tech, engineering, investment. Great news, Benjamin Netanyahu [Prime Minister of Israel],” he wrote on his Twitter on Tuesday.
Metal Holding Trade LLC, one of the largest metal trading companies in Ukraine, in 2019 reduced its net profit by 63.9%, to UAH 30.425 million compared to the previous year.
According to the company’s annual report in the information disclosure system of the National Securities and Stock Market Commission, in 2019 the company increased its net income by 1.8%, to UAH 3.676 billion.
Retained earnings by the end of the year amounted to UAH 443.456 million.
Metal Holding Trade LLC (Kyiv) is engaged in the wholesale trade of metals, and the production of metal structures.
The founders and participants of the holdings are three individuals: Serhiy Loichenko, who owns a 75% stake, Oleh Melnyk with 12.5% and Volodymyr Poberezhniuk with 12.5%.
The charter capital of the company is UAH 4.020 million.
The state-owned enterprise (SOE) Electrotyazhmash Plant in February 2021 plans to complete the installation of a new stator on the TGV-250-2PT3 turbine generator at the Kaiga NPP in India, according to the company’s website.
At present, the company’s engineers are supervising the dismantling of the old stator and preparing for the installation of a new one; the installation and commissioning of the equipment will also be supervised by the plant’s specialists.
According to the press service, the Kaiga NPP, a member of the Nuclear Power Corporation of India Limited (NPCIL), consists of four power units. Two of them are equipped with two TGV-250-2PT3 turbine generators manufactured by Electrotyazhmash delivered in 2005-2007.
Power of each machine is 250 MW, they have horizontal design, hydrogen-water cooling, and their weight is 280 tonnes.
Electrotyazhmash specializes in the production of powerful hydrogenerators, turbine generators for thermal power plants and nuclear power plants, electric motors for drives of rolling mills, mine hoists, traction electrical equipment for railroad and urban transport.
