Business news from Ukraine

Business news from Ukraine

KADORR INTENDS TO ACQUIRE FIRST KYIV MACHINE-BUILDING PLANT

Kadorr Group (Odesa) intends to acquire a 100% stake in First Kyiv Machine-Building Plant JSC (formerly the Bilshovyk plant).
According to the company’s report in the information disclosure system of the National Securities and Stock Market Commission dated October 8, Kadorr Invest LLC intends to acquire 44.58 ordinary registered shares constituting 100% of the charter capital of the plant.
The company and its affiliates do not own the shares of the plant at the time of notification.
According to the Unified public Register of Legal Entities and sole proprietors, Adnan Kivan (50%) and Olha Pavlova (50%) are the founders and ultimate beneficiaries of Kadorr Invest LLC with a charter capital of UAH 1 million.
According to the data on the official website, the portfolio of Kadorr Group has more than 2 million square meters of residential real estate put into operation, including more than 50 residential complexes, 90 cottages. The assets of the group also include 7 business centers, 5 shopping malls and commercial space with a total value of more than $800 million. The owner of the group, Adnan Kivan, is in the top five rentiers of Ukraine with the highest income from real estate lease according to Forbes Ukraine with an indicator of $45 million at the end of 2020.

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