PrJSC Stadsis AB (Sweden), which is a shareholder of PrJSC Mandarin Plaza, a developer of Lavina Mall, Blockbuster Mall and Ocean Mall (all are located in Kyiv), has decided to segregate a new company from the enterprise, PrJSC Parus Invest.
According to the statement of Mandarin Plaza in the information disclosure system of the National Securities and Stock Market Commission, by the decision of the shareholder dated March 19, Parus Invest was segregated from PrJSC Mandarin Plaza with the transfer of part of the property, rights and obligations to it.
The shares of Mandarin Plaza are converted into the shares of Parus Invest with a ratio of 1:1.
The planned charter capital of new company is UAH 5.9 million.
PrJSC Mandarin Plaza was established in 2000. It is engaged in development activities in the segment of construction and operation of retail and office centers.
The charter capital of PrJSC Mandarin Plaza in April 2020 stood at UAH 21.7 million.
The National Commission for the State Regulation of Financial Services Markets, on April 9, entered the information on double liability company Gestalt Group (Kyiv) into the public register of financial institutions, the commission has said on its website.
According to the unified public register of legal entities and private entrepreneurs, the company was registered in February 2019 with charter capital of UAH 34 million. It specializes in risk insurance and reinsurance.
The founders of the company were Gestalt Finance LLC (Kyiv) with contribution of UAH 33.660 million, PrJSC Arton-Megacity, Andriy Antonenko and Yuriy Khandashko, who is also the head of the company.
According to the public register of legal entities and private entrepreneurs, Gestalt Finance LLC was registered in March 2019 with charter capital of UAH 10,000. The founder is PrJSC Arton-Megacity and Antonenko.
INGO Ukraine insurance company (Kyiv) will operate under the name Joint-Stock Company INGO Insurance Company from April 2020, the insurer said in a press release.
Due to the change of name, the company’s logo and corporate identity are changing as well.
The company has been providing insurance coverage to its customers under the same brand for more than a decade and a half. The new name and visualization of the logo is an important stage in the implementation of the digital transformation strategy, as well as a reflection of the changes taking place in the company and the environment. The Latin transliteration of the company name INGO is emphasized by the fact that the company has been carrying out trans-border insurance and reinsurance operations for a long time, provides insurance services to its customers in any part of the world and is an active member of international guarantee coverage systems.
“The renewed logo is an element of our transformational strategy that is functional simplification, operational efficiency and the provision of high-tech insurance products and services. Thus, it is one of its important stages, which involves the creation of new products and services, as well as the development of a modern operating platform,” chairman of the company’s board Ihor Hordiyenko said.
The company said that the transition to the use of a new corporate style, including changing the signs of the company’s representative offices in the regions, will occur gradually. The announced changes will in no way affect the fulfillment of the current and future obligations of the company, as well as the concluded insurance and partnership agreements. The composition of shareholders, location, identification code of a legal entity, bank details also remain unchanged.
JSC INGO Insurance Company has more than 25 years of experience in the market. Since 2017, the main shareholder of the company has been the Ukrainian business group DCH of Oleksandr Yaroslavsky.
The company is one of the largest insurance organizations in Ukraine in terms of premiums, net worth volumes and insurance claims. It has 28 licenses for various types of compulsory and voluntary insurances, provides insurance services to corporate and retail clients.
Vice-President of Alfa-Bank (Kyiv) Iryna Skorokhodova has created Property Investment Boutique STRIX, which core business is purchase, management and sale of property. The company’s portfolio includes projects for $300 million.
“Alfa Bank was a temporary player in the real estate market. The real estate division was created to sell all that remained from the bank’s collateral. Therefore, to save the team and its experience, I launched a new company STRIX about a month ago and now its portfolio has facilities in Kyiv worth $300 million,” Skorokhodova said in an interview with Interfax-Ukraine.
According to her, in particular, at present the STRIX portfolio includes 11 business centers, one shopping center, three land parcels for development, and one hotel construction project.
“All our business centers are successfully operating facilities with zero vacancy and foreign tenants,” Skorokhodova said.
According to the website of STRIX, it provides provide A-Z range of services from the property search for acquisition to property sale and further management.
According to Skorokhodova, the Alfa-Bank Real Estate Division is faced with the task of leaving the remaining assets as quickly as possible. At the same time, she considers the successful experience of selling Alfa-Bank’s collateralized property as an achievement of the Alfa-Real Estate team.
“According to estimates by Cushman & Wakefield, the volume of transactions in the secondary real estate market in Kyiv amounted to $330 million. So, $190 million of this amount is our deals,” the bank’s vice-president said.
Norway’s NBT has enough potential to build an additional 700-800 MW of wind power capacities in Ukraine, the Office of the National Investment Council of Ukraine has reported, referring to NBT CEO Joar Viken speaking at a meeting of the National Investment Council of Ukraine in Davos (Switzerland). “The 250 MW Syvash wind farm is just the start of our plans to invest a considerable amount of capital in our large pipeline of wind projects in Ukraine over the next two to three years,” the Office said in a press release, citing Viken.
Viken said that NBT plans to build a new wind farm in Ukraine. Preliminarily it is planned to start the project in Zaporizhia region in the coming six or nine months. The company said that now it is evaluating engineering, procurement and construction (EPC) contractors and suppliers of wind turbines, which will be involved in the project.
Viken said that success of the Syvash project thanks to the attraction of international project financing would be interesting for other private commercial investors and international financial institutions (IFIs).
“In addition, we foresee potential interest for ‘green bonds’ to financing NBT’s pipeline of new wind projects in Ukraine,” Viken said.
As reported, at a meeting of the National Investment Council in Davos an agreement was signed between the Norwegian company NBT, the French company Total-Eren and the European Bank for Reconstruction and Development (EBRD) regarding the Syvash Wind Farm Project with a financing of EUR 260 million raised. Over EUR 350 million will be invested in the project. The project will be financed in the amount of EUR 150 million by the European Bank for Reconstruction and Development together with a consortium of banks, Head of the Office of the National Investment Council Yuliya Kovaliv said.
According to the framework agreement, the Syvash Project is planned to be financed by a syndicate of eight foreign lenders, including the EBRD and the Nordic Environment Finance Corporation (NEFCO). At the next stages of the project, additional financing from foreign funds specializing in similar energy projects is also expected.
According to the release, the funds were raised with the assistance of the U.S. investment bank J.P.Morgan, which acted as financial advisor to NBT. The Ukrainian legal adviser to NBT is Integrites, and the advisory assistance was also provided by the Natsinvestset office.
“In Ukraine, the real boom of alternative energy continues. In 2018, three times more capacity was launched than in the entire period of 2017 – more than 800 MW,” Kovaliv said.
Ryanair, the largest European low cost air carrier, is considering the possibility of establishing a company in Ukraine to create IT products, Yulia Kovaliv, the head of the National Investment Council’s office, said on the air of Radio NV. “One of the ideas we discussed with the Ryanair leadership is to establish an internal company in Ukraine, which develops all IT products for the low cost carrier,” she said. Kovaliv also noted that in the near future the company plans to start domestic flights in Ukraine.
“If we are talking about the launch of domestic flights by the carrier in the country, then, again, the level of airport charges is important, but all companies understand that the cheaper the ticket is, the faster the airline will become competitive,” she said.
As reported, Ryanair began flights to Ukraine on the route Berlin-Kyiv-Berlin from September 3. Ryanair offers flights from Kyiv to six cities in Poland, one destination in Germany, Spain, Lithuania, Slovakia, the UK and Sweden, as well as two destinations from Lviv to Germany and Poland, one to the UK. Ryanair (Ireland) is the largest low cost airline in Europe.
