Business news from Ukraine

Business news from Ukraine

“Nasosenergomash” to Hold Extraordinary Shareholders’ Meeting on May 21

According to Fixygen, JSC “Sumy Plant of Pump and Power Engineering ‘Nasosenergomash’” intends to hold an extraordinary general meeting of shareholders via remote participation on May 21, 2026. Information regarding the convening of the meeting was published by the State Property Fund of Ukraine, which acts as the body managing the state’s corporate rights in the company.

The company is one of Ukraine’s largest manufacturers of pumping equipment and power machinery. According to public registries, the plant is registered in Sumy, with EDRPOU code 05785448.

According to SMIDA data for the fourth quarter of 2025, the Ukrainian state, represented by the State Property Fund, owns 90.6065% of the company’s shares.

According to Opendatabot, the company’s revenue in 2024 amounted to UAH 275.942 million, its net loss was UAH 167.06 million, its assets totaled UAH 2.089 billion, and its liabilities amounted to UAH 1.571 billion. In the quarterly report for the first nine months of 2025, revenue amounted to UAH 340.764 million, and the net loss was UAH 27.154 million.

Nasosenergomash specializes in the production of pumps and equipment for the energy sector, the oil and gas sector, water supply, and industry. The company remains one of the key machine-building assets in the Sumy region, and the controlling stake is managed by the state through the State Property Fund of Ukraine.

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“Nasosenergomash” is to be transferred to Energoatom’s management – ARMA

JSC Sumy Plant of Pumping and Power Engineering Nasosenergomash and JSC Research and Design Institute of Nuclear and Power Pumping are to be transferred to the management of NNEGC Energoatom.

As the Agency for Finding, Tracing and Management of Assets Derived from Corruption and Other Crimes (ARMA) reported on Facebook, a roadmap for the transfer of the seized assets to NNEGC is being developed following consultations with the Ministry of Economy and other authorities.

The transfer of property will take place in accordance with the procedure provided for in Article 21 of the ARMA Law (Peculiarities of Asset Management in Exceptional Cases).

As reported, Nasosenergomash shares were seized on June 2, 2022.

The owner and ultimate beneficiary of Nasosenergomash through the controlled H.M.S. Capital Limited is a citizen of the Russian Federation, Vladimir Lukyanenko, the founder and one of the shareholders of the Russian group Gidromashservice, which supplies equipment for various industries, including the military-industrial complex of the Russian Federation.

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