Business news from Ukraine

“Kovalska Beton concentrated 100% of S. Kovalska ZZHBK and Darnitsky Zavod ZhBK each

LLC “Kovalska Beton”, a member of industrial and construction group “Kovalska”, has concentrated 100% of the authorized capital of JSC “Darnitsky ZZHBK” and JSC “Svetlana Kovalska Plant of Reinforced Concrete Structures”.

As “Kovalska Beton” reported in the information disclosure system of the National Commission on Securities and Stock Market (NCSSM), the company as a result of the conclusion of sale and purchase agreements concentrated the dominant controlling stake in JSC “Svetlana Kovalska ZZHBK” in the amount of 18 million 331 thousand 256 shares and the dominant controlling stake in JSC “Darnitsky Plant of Reinforced Concrete Structures” in the amount of 86 million 814 thousand 40 shares.

JSC “S. Kovalskaya Plant of Reinforced Concrete Building Materials” was established in 1995 on the basis of the enterprise of the same name. According to its data, production capacity is over 1.4 million cubic meters of concrete mixtures, 120 thousand cubic meters of reinforced concrete products, 300 thousand square meters of shaped paving elements per year.

According to the results of 2022, the net loss of the enterprise increased to UAH 534 mln, net income decreased to UAH 704 mln.

JSC “Darnitsky Plant of Reinforced Concrete” (until 2010 – OJSC) was established in 1996 on the basis of the plant of the same name commissioned in 1951. The plant is one of the largest manufacturers of reinforced concrete products, wall blocks and ready-mix concrete for residential and public construction projects in Kiev, also produces metal products, including specific structures for railroads, bridges, ports and piers.

According to the financial results of the company, its net loss at the end of 2022 amounted to UAH 32 mln, net income – UAH 240.1 mln.

As of the third quarter of 2023, the sole shareholder of both JSCs is “Industrial and Construction Group Kovalska” LLC (100%).

“Kovalskaya Beton” was established in 2022. According to Opendatabot, the founder of the company is PSG Kovalskaya LLC, the ultimate beneficiaries are Alexander and Sergey Pilipenko.

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