Business news from Ukraine

GLOVO COURIER DELIVERY SERVICE ACQUIRES COMPETITOR

Glovo courier delivery service is acquiring the Ukrainian company Zakaz (product delivery service Zakaz.ua), the main co-owner of which is Chernovetskyi Investment Group.
According to AIN.UA, Glovo has agreed to take over Zakaz.ua, payments to shareholders will be made both in cash and directly in Glovo shares, the deal is valued at up to $50 million.
As it became known to Interfax-Ukraine, Glovo plans to announce the takeover of the Zakaz.ua service at a press conference on January 27.
Interfax-Ukraine has not yet been able to get comments from Chernovetskyi Investment Group.
Market participants said the takeover of Zakaz.ua will strengthen Glovo’s position in the Ukrainian market and help the service develop the Q-commerce segment (delivery from dark stores).

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UKRAINE REGISTERS UAH 706 MLN INVESTMENT FUND OF MANAGING PARTNER CHERNOVETSKYI INVESTMENT GROUP

The National Securities and Stock Market Commission of Ukraine in the last days of 2020 registered the issue of shares of JSC closed-end non-diversified venture corporate investment fund CIG, the beneficiary of which is managing partner of Chernovetskyi Investment (CIG) Volodymyr Kryvko.
According to the public register, the charter capital of the fund is UAH 706 million.
The asset management company (AMC) for the new CIG fund is AMC Univer, on the website of which it is listed among the other 25 similar venture funds.
Chernovetskyi Investment Group, president of which is the son of former Kyiv Mayor Leonid Chernovetsky Stepan, is an investment company established in 2012, positioning itself as a venture investor in Eastern Europe and estimating its investment potential at $100 million.

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