Overin Limited (Cyprus) has bought back the shares of minority shareholders of HeidelbergCement Ukraine (Dnipro), having built up a 100% stake.
Thus, Overin Limited completed the procedures related to the mandatory sale by shareholders of common shares of PrJSC at the request of the owner of the dominant controlling interest, HeidelbergCement Ukraine said in the Ukrainian National Securities and Stock Market Commission’s information disclosure system.
As reported, on May 14, 2019, Cyprus-based Overin Limited affiliated with Concorde Capital became the owner of the dominant controlling stake (99.8308%) in PrJSC HeidelbergCement Ukraine.
In early February 2019, Interfax-Ukraine learnt from sources that HeidelbergCement AG, the world’s second largest cement producer, is preparing to sell its assets. Among buyers was the Ukrainian investment group Concorde Capital. PrJSC HeidelbergCement Ukraine, which unites HeidelbergCement’s Ukrainian-based cement factors, then refused to officially comment on the deal.
Concorde Capital’s partners in the deal to acquire HeidelbergCement Ukraine assets were Vice-President of PJSC Concern Galnaftogaz Vasyl Danyliak, as well as businessmen Ivan Shestak and Ihor Zavinovsky.
