Sergiy Tigipko’s TAS Group has acquired PrJSC Kyiv-based AB Stolychny asphalt and concrete plant.
Serhiy Samusev withdrew from among the plant’s shareholders by selling his stake consisting of 34,467,029 shares, which is 47.89% of the enterprise’s charter capital, the company said in the National Securities and Stock Market Commission’s information disclosure system.
Luregio Limited (Cyprus) became the new shareholder of AB Stolychny after it had purchased the shares owned by Samusev.
Meanwhile, the Antimonopoly Committee of Ukraine (AMCU), by a decision of December 13, granted permission to Cyprus T.A.S. Overseas Investments Limited whose main shareholder is Sergiy Tigipko, to purchase shares of Luregio Limited, which will provide an excess of 50% of the vote in the company’s supreme management body.
PrJSC AB Stolychny’s main shareholders as of the third quarter of 2019 were Samusev and Tigipko with shares of 47.9% and 22.6%, respectively, as well as Cyprus-based Forwincom Limited (24.7%). As of the end of 2017, the said stake belonged to Veker Limited. Samusev is listed as the ultimate beneficiary of the company as of December 16, 2019.
As reported, AB Stolychny in 2018 reduced its net profit by 35% from 2017, to UAH 38.6 million. Net income from product sales increased by 21.2%, to UAH 362.9 million. In 2018, AB Stolychny paid UAH 46.8 million in dividends to shareholders.
AB Stolychny was established in 2004 on the basis of a concrete, reinforced concrete, construction materials plant (municipally owned Concrete Products Plant before 1997). It produces asphalt mix for the construction and repair of roads. It also markets reinforced concrete products for underpasses, collectors, and other engineering and road construction facilities.
According to the State Register of Legal Entities and Individual Entrepreneurs, AB Stolychny’s charter capital as of December 2019 was UAH 17.99 million.
The TAS Group was founded in 1998. It has assets in the financial and industrial sectors, agriculture, real estate, pharmaceuticals and venture projects. The group’s financial sector includes TAScombank, Universal Bank, VS Bank, two insurance companies, and a number of other organizations. The founder and main shareholder of the group is Tigipko.
