AXA Group (France) has successfully completed the deal with Fairfax Financial Holdings Limited (Fairfax, Canada) to sell its subsidiaries in Ukraine – private joint-stock company AXA Insurance and AXA Life Insurance double liability company (both based in Kyiv), AXA has said in a press release. As reported, The National Commission for Financial Service Markets Regulation in resolution issued on January 10, 2019 approved the indirect holding of 99.98% shares in private joint-stock company AXA Insurance and 100% of double liability company AXA Life Insurance. The commission also allowed FFHL Group Ltd. (Canada) to directly hold 99.9989% shares in AXA Life Insurance.
Earlier the Antimonopoly Committee of Ukraine permitted FFHL Group Ltd. to complete the deal.
AXA Group (France) on October 23, 2018 announced the sale of 100% of AXA Insurance and AXA Life Insurance to Fairfax Financial Holdings Limited.
Fairfax, headquartered in Toronto (Canada), is a financial services holding company that through a network of its own companies provides investment management, property and liability insurance, and reinsurance. In February 2015, Fairfax announced the purchase of 100% in QBE Ukraine insurance company, later renaming the company as Colonnade Ukraine.
AXA Insurance has been operating on the Ukrainian market since 2007. AXA Life Insurance was registered in July 2013.
Solar-Farm 1 LLC in the middle of January 2019 launched the largest solar power plant in Ukraine with a capacity of 246 MW in Nikopol district of Dnipropetrovsk region. The National Commission for Energy, Housing and Utilities Services Regulation (NCER) on February 15, 2019 approved the draft resolution on setting the feed-in tariff for Nikopol solar power plant in the amount of EUR 15.03 per MW until 2030.
It is planned that Nikopol solar power plant will generate up to 290 million kWh of electricity a year. This is the largest solar power plant in Ukraine and Europe.
Solar-Farm 1 LLC belongs to DTEK Renewables B.V., operating the assets of DTEK Group in the sphere of renewable energy. As reported, the contractor of the plant is China Machinery Engineering Corporation (CMEC). Trina Solar Limited delivered solar cell arrays for the plant.
In March, the plant will be connected to the power grid. The plant will be able to fully meet the needs of 100,000 households in Ukraine and reduce carbon dioxide emissions by more than 300,000 tonnes per year.
To ensure the connection of the solar power plant in Nikopol (Solar-1 LLC), national energy company Ukrenergo plans to reconstruct the open-type 150 kV switchgear of 330 kV Nikopol substation, with an expected tender price of up to UAH 20.833 million.
In 2017, DTEK launched its first Tryfonivka solar power plant with a capacity of 10 MW in Kherson region. DTEK was established in 2005 to manage the energy assets of Rinat Akhmetov’s System Capital Management Group (SCM, Donetsk). The corporation performs functions of strategic management of the group’s enterprises, which constitute a vertically integrated chain of coal production and washing, production and sale of electricity.
On February, 16-17 Ancient Kyiv in the «Kyivan Rus Park» has prepared a bright romantic program which vill be interesting both for those who are in love and for families with children.
The real romanticism of the Middle Ages with riding purebred horses, ancient Slavic amusements, live vocals, horse-trick and pedestrian theatre`s performances and delicious medieval dishes and drinks will be waiting for the guests.
Ancient Kyiv opens at 10:00. The program starts at 13:00.
The ticket price: a full adult ticket – 150 UAH, for pensioners and students – 100 UAH, for schoolchildren – 50 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Route taxis leave from Kyiv from the «Vydybitchi» metro station.
Details on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».
One troy ounce=31.10 grams
The total volume of transportation by rail by Lemtrans in 2018 reached 52.12 million tonnes of different types of cargo, which is 0.43% more than in 2017.
The press service of the company reported that coal and iron ore were the major cargo transported by the company last year.
“The largest growth in the year was in transportation of coal. In particular, the volume of its transportation amounted to 21.24 million tonnes, for iron ore it was 16.13 million tonnes. By the end of 2017, the transportation of these types of cargo amounted to 19.35 million tonnes and 19, 30 million tonnes, respectively,” the company said.
In addition, in 2018, the volume of loading of ferrous metals increased by 21.7%, to 7.45 million tonnes (6.12 million tonnes in 2017) and of coke by 2.43%, to 3.02 million tonnes (2.95 million tonnes). Transportation volumes of fluxes amounted to 3.30 million tonnes (3.50 million tonnes).
During the year, the volume of planned repair of freight wagons of the company at production sites amounted to 6,453 units.
Lemtrans is the largest private operator of railway rolling stock in Ukraine. Its core business is organization of transportation by own rolling stock, rendering transport and forwarding services, information support for cargo movement, as well as rolling stock repairs.
Lemtrans fully belongs to SCM Group of businessman Rinat Akhmetov.
