PJSC Transnational Corporation Granit of the Kovalska Industrial and Construction Group owned by Oleksandr and Serhiy Pylypenko won the State Service of Geology and Mineral Resources auction for the sale of a special permit for the extraction of granite from the Korosten-Shchorsivska-II area of the Korosten deposit (Zhytomyr region). NADRA.INFO reports citing data from the UBIZ.ua platform, accredited by Prozorro.Sale.
The auction took place on Friday, 12.07.2024 (NADRA.INFO announced the auction). The only competitor to TNK Granit was I.B.K. Development LLC owned by Oleksandr Lukianets, Oleh Volyntsev, and Vitaliy Zhukovsky.
The auction was the second repeat and started at UAH 5,898,024.89. This is twice less than the initial cost of the first auction (UAH 11,796,049.78), which did not take place on 06.06.2024, and a quarter less than the repeated auction on 06. 25.2024. It is worth noting that during previous attempts, TNK Granit could not buy the special permit because it was the only bidder (the procedure requires at least two bidders).
During today’s auction, the participants did not bid. The final bids (aka initial bids) are as follows:
The bidding is available here. If the winner refuses to buy the lot, it will forfeit UAH 11,796,049.78 of the guarantee fee.
TNK Granit has been developing the neighboring Korosten deposit since 2006. As we wrote earlier, open sources show that Kovalska’s group controls such mining facilities (some of which we wrote about here and here):
https://nadra.info/2024/07/kovalska-buys-a-second-special-permit-for-the-korosten-granite-deposit/
The Antimonopoly Committee of Ukraine has granted Kovalska Real Estate LLC permission to acquire a stake in the authorized capital of Kudryavsky Administrative and Warehouse Complex LLC, the agency’s website reports.
The Ministry made the decision on Thursday.
According to the report, Kovalska Real Estate LLC received permission to acquire a stake in ASC Kudryavsky, which ensures that the company’s supreme management body exceeds 50% of the votes.
According to Opendatabot, the owners of Kudryavsky JSIC are Atlas Mutual Fund (50%) and AMC Ukrainian Investment Society (50%), with Bohdan Serotiuk and Yuriy Sokolnytsky listed as the ultimate beneficiaries.
Kovalska Real Estate LLC is part of the Kovalska group and is engaged in residential construction. Its portfolio includes more than 20 completed residential projects.
As reported, in 2021, Kovalska Group announced its intention to revitalize the territory of the Kyiv Distillery in the Shevchenkivskyi district of Kyiv at 16A Kudriavska Street. The plant covers an area of about 2 hectares. Its buildings built in 1896 are recognized as an architectural monument of local significance, and the facade is under protection.
Kovalska Industrial and Construction Group has been operating in the Ukrainian construction market since 1956. It unites more than 20 enterprises in the field of raw materials extraction, production and construction. Its products are represented by the brands Concrete by Kovalska, Avenue, and Siltek. Kovalska’s enterprises operate in Kyiv, Zhytomyr, Lviv, and Chernihiv regions. The aerated concrete plant in Kherson region has not been operating since the beginning of the occupation.
The Antimonopoly Committee of Ukraine (AMCU) has authorized Kovalska Syrovyna LLC of Kovalska Group to acquire a stake in Winter Cargo LLC (Kyiv).
According to the Committee’s decision of February 8, Kovalska Syrvoryna received permission to acquire a stake that ensures exceeding 50% of the votes in the supreme management body of Winter Cargo.
According to Opendatabot, Winter Cargo is engaged in cargo transportation by road and river transport. Its owner is listed as ZNVKIF Skyfall JSC, and the ultimate beneficiaries are Anna and Karina Zlochevsky, registered in Cyprus (daughters of the former Minister of Ecology and Natural Resources of Ukraine Mykola Zlochevsky – IF-U).
As reported, in 2023, Kovalska Group acquired companies and equipment for the extraction of river sand in Kyiv and Chernihiv regions. The company plans to produce up to 1 million tons of river sand per year.
Kovalska Industrial and Construction Group has been operating in the Ukrainian construction market since 1956. It unites more than 20 enterprises in the field of raw materials extraction, production and construction. Its products are represented by the brands Concrete by Kovalska, Avenue, and Siltek. Kovalska’s enterprises operate in Kyiv, Zhytomyr, Lviv, and Chernihiv regions. The aerated concrete plant in Kherson region has not been operating since the beginning of the occupation. The group also includes Kovalska Real Estate, which is engaged in the construction of residential properties in Kyiv. Its portfolio includes more than 20 completed residential projects.
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.
Darnitsky Plant of Reinforced Concrete Structures, Darnitsky ZZHBK, KOVALSKA, Sergey Pilipenko, Svetlana Kovalska Plant of Reinforced Concrete Structures, Svetlana Kovalska ZZHBK, Ковальська Бетон
Kyiv-based industrial and construction group (ICG) Kovalska raised EUR32 mln credit from Invest International (the Netherlands) to build two factories in Lviv region, according to group general director Serhiy Pylypenko.
Kovalska started construction of two new factories (for dry mixes under Siltek trademark and for concrete production) in Lviv region at the beginning of 2022, with total investments supposed to exceed EUR60 mln just for the first stage. According to Pilipenko, as of February 2022, more than EUR15 million had already been invested for the purchase of equipment and building structures, but with the outbreak of war, the project was frozen.
“Finding funding under war conditions was a “starry-eyed” task. During shelling and air raids, we continued to negotiate with international financial institutions, but in response we heard only words of support and compassion. No one was prepared to give real money. But we got the result we needed. Invest International (the Netherlands) decided to grant EUR 32mln project financing to Kovalska”, Mr. Pilipenko said on Facebook.
According to him, the construction of the plants will start “closer to summer”.
PSG Kovalska has been working on the construction market of Ukraine since 1956. It combines more than 20 enterprises in the sphere of extraction of raw materials, production and construction. The production is presented by brands “Concrete from Kowalska”, “Avenue”, Siltek and others. The enterprises of Kowalska operate in Kyiv, Zhytomyr, Lviv, Kherson and Chernihiv regions.
In addition, the group includes Kovalska Real Estate, which is engaged in construction of residential buildings in Kiev. In its portfolio – more than 20 completed residential projects.
The Kovalska Industrial and Construction Group is resuming work at its own construction sites in the Ukrainian capital, the group’s press service has reported.
“The real estate market is very sensitive to all shocks, but the economy cannot be restored without large business. Therefore, following the gradual resumption of work on industrial assets, we launched all construction sites in Kyiv at once,” the group’s press service cited CEO of Kovalska Serhiy Pylypenko on Friday.
It is noted that work has already begun at facilities along Drahomanova, Berezniakivska and Vavilovykh streets. The work of construction cranes, monolithic and facade work have been launched. Starting May 9, construction work at the Crystal Park Tower and Unit City facilities will resume.
Kovalska has been operating in the construction market of Ukraine since 1956. It unites more than 20 enterprises in the field of extraction of raw materials, production and construction.
Enterprises of Kovalska work in Kyiv, Zhytomyr, Lviv, Kherson and Chernihiv regions. The total number of employees is 5,000 people.
In addition, the group includes Kovalska Real Estate, which is engaged in construction of residential facilities in Kyiv. Its portfolio includes 20 completed residential projects.
