Business news from Ukraine

Business news from Ukraine

“Ukrtransnafta” increases its stake in IC ‘Transmagistral’

JSC “Ukrtransnafta” has increased its stake in PJSC “Insurance Company Transmagistral” from 91.99% to 98.45%, according to the company’s information posted in the information disclosure system of the National Commission on Securities and Stock Market (NCSSM). As reported on February 28, 2025, IC “Transmagistral” has increased the authorized capital to UAH 248 million by conducting an additional issue for the amount of UAH 200 million Additionally, 20 million shares with a par value of UAH 10 for the amount of UAH 200 million were sold.

As reported, the decision on the issue was made by the shareholders at the meeting on November 29, 2024.

Earlier, the National Bank of Ukraine agreed to the state of Ukraine indirect ownership of 92.4059% of shares of PJSC Insurance Company Transmagistral. Prior to that, on January 8, the NBU confirmed the company’s ownership structure compliance with transparency requirements.

As noted on the company’s website as of Q3 2024 the shareholders of the company were JSC “Ukrtransnafta” – 91,992%, Primary trade union organization of JSC “Ukrtransnafta” (Kremenchug, Poltava region) – 5,1%.

IC “Transmagistral” was registered in 2003, specializes on rendering services in the sphere of risk insurance.

 

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