Business news from Ukraine

Business news from Ukraine

Three construction companies of Ukraine will unite into consortium

Global Build Engineering (Ternopil), Spets-Bud Standard (Ternopil region) and Uniontransbuilding (Lutsk) have received permission from the Antimonopoly Committee of Ukraine to create a consortium called Global Roads Group. The relevant decision on granting permission for concerted actions of the companies was made by the Antimonopoly Committee of Ukraine on October 31.

According to Opendatabot, the owner and beneficiary of Global Build Engineering LLC is Serhiy Tolstikov. The company is engaged in the construction of residential and non-residential buildings, roads and highways.

According to the financial results for 2023, “Global Build Engineering” reduced net income by 32% – to UAH 45 million, while increasing net profit threefold – to UAH 340 thousand.

Petr Zemba is the owner and ultimate beneficiary of Spets-Bud Standard LLC. The main type of activity is road construction. According to the results of 2023, the net income of the company increased by 24% – to UAH 67 million, while net profit decreased 11 times – to UAH 14.2 thousand.

The owner of Uniontransbuilding LLC is listed as Andriy Podosovsky. The company is also engaged in the construction of buildings. According to the results of 2023, the company increased net income 3.8 times – up to UAH 186 million, net profit – four times, up to UAH 2.7 million.

 

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