The partners of Concorde Capital investment company in the transaction for the purchase of assets of HeidelbergCement Ukraine were Vice President of PJSC Galnaftogaz Concern Vasyl Danyliak, as well as businessmen Ivan Shestak and Ihor Zavinovsky.
“The development of companies acquired from HeidelbergCement will be carried out by Ihor Mazepa together with the partners Ivan Shestak, Vasyl Danyliak, and Ihor Zavinovsky,” the press service of Concorde Capital told Interfax-Ukraine.
According to the decision of the supervisory board of PrJSC HeidelbergCement Ukraine, at the end of April Zavinovsky was elected head of the company for a term of three years. According to the report in the information disclosure system of the National Commission on Securities and the Stock Market, in the past five years he has held the post OF Commercial director of New Geodetic Technologies LLC, and does not own shares in HeidelbergCement Ukraine.
As reported, on May 14, 2019 Cyprus-based Overin Limited, associated with Concorde Capital, became the owner of a controlling stake (99.8308%) in PrJSC HeidelbergCement Ukraine.
Private joint-stock company HeidelbergCement Ukraine (Dnipro), uniting Ukrainian cement plants of HeidelbergCement Group (Germany), saw a 14.4% rise in net loss in 2017, to UAH 431 million. According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, its net revenue grew by 11.3%, to UAH 1.8 billion, and assets rose by 4.5%, to UAH 1.75 billion.
The company saw UAH 1.2 billion of uncovered loss in 2017 (62% up year-over-year).
Current liabilities soared 2.4-fold, to UAH 2.4 billion, and noncurrent liabilities fell by 92%, to UAH 89.1 million.
HeidelbergCement Ukraine was founded in 2002. It is engaged in production of cement and clinker. The main shareholder of the company with a share of 99.8308%, according to the National Securities and Stock Market Commission, is CBR Portland B.V., part of HeidelbergCement Group.
Public joint-stock company HeidelbergCement Ukraine (Dnipro), uniting Ukrainian cement plants of HeidelbergCement Group (Germany), plans to extend three credit lines for EUR 50 million until 2020. The company said that the shareholders in HeidelbergCement Ukraine at a general meeting on April 11 decided to permit the company to increase the credit line with ING Bank Ukraine to EUR 20 million and extend the contact on the credit line until July 1, 2020.
In addition, the shareholders approved the extension of two credit lines opened in 2015 until December 31, 2020 and signed with HeidelbergCement AG, EUR 15 each.
HeidelbergCement Ukraine was founded in 2002. It is engaged in production of cement and clinker. The main shareholder of the company with a share of 99.8308%, according to the National Securities and Stock Market Commission, is CBR Portland B.V., part of HeidelbergCement Group.
According to the annual report of HeidelbergCement Ukraine, at the beginning of this year its loan liabilities amounted to UAH 1.746 billion, in particular liabilities to ING Bank were represented by three loans with the term from a week to a month for a total of UAH 176.9 million.
Among other banks-creditors were UkrSibbank (UAH 161.5 million) and SEB Corporate Bank – UAH 200.4 million with similar financing terms, and the main liabilities were for a three-month loan from HeidelbergCement AG for UAH 1.2 billion, issued at 6.75% per annum.
