Business news from Ukraine

Business news from Ukraine

“Khlibprom Concern” to Be Converted from Public Joint-Stock Company to Limited Liability Company

The sole shareholder of Public Joint-Stock Company “Khlibprom Concern” has approved a decision to convert the company into a limited liability company, according to information cited from the National Securities and Stock Market Commission’s (NSSMC) disclosure system.

The decision to reorganize one of Ukraine’s largest bread producers was adopted on July 23, 2026. The newly formed LLC “Khlibprom Concern” will become the full legal successor to the assets, contracts, rights, and obligations of the private joint-stock company.

The shares of the private joint-stock company will be converted into a stake in the LLC’s authorized capital at a ratio of 1:1. The authorized capital of the successor entity will amount to approximately 163.55 million UAH.

The company explained the reorganization as a necessity to simplify corporate governance. The conversion to an LLC does not involve the sale of the company or a change in its ultimate owner.

The organizational and legal form of a limited liability company involves fewer regulatory procedures; in particular, the company will not be required to maintain a share register or comply with certain requirements applicable to joint-stock companies.

In 2025, Khlibprom Concern’s revenue increased by 9.5% compared to the previous year, reaching 2,228.92 million UAH. The company’s net loss decreased by a factor of 13.5, to 5 million UAH, compared to 67.57 million UAH in 2024.

The company’s assets as of the end of 2025 totaled 1 billion 190.76 million UAH, while its liabilities decreased by 10.1% to 509.95 million UAH.

“Khlibprom Concern” is one of the largest producers of bread, baked goods, and confectionery products in Ukraine. The company produces up to 160 metric tons of products daily, including frozen semi-finished dough products.

The company’s structure includes five processing facilities in the Lviv and Vinnytsia regions. The company’s brand portfolio includes Agrola, Bandinelli, 2go, “Lyublyanna,” and “Vinnitsakhleb.” The ultimate beneficial owner of the company is Natalia Antonova.

 

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Shareholders of Pryluky Meat Processing Plant Approved Its Conversion to LLC

At a remote general meeting on July 20, the shareholders of Prilutsk Meat Processing Plant PJSC approved a resolution to convert the company into a limited liability company (LLC), according to a company filing in the disclosure system of the National Securities and Stock Market Commission (NSSMC).

According to the filing, “Pryluky Meat Processing Plant” LLC will become the sole legal successor to the private joint-stock company, and all of the company’s assets, rights, and obligations will be transferred to it. The reason cited for the change in organizational and legal form is the shareholders’ desire to make the company’s operations more efficient and less costly.

The shares of the public joint-stock company will be converted into shares of the LLC at a ratio of 1:1, and all shareholders whose shares were not redeemed will become founders of the LLC.

To carry out the reorganization, the shareholders elected a reorganization commission, chaired by the company’s director, Artem Rozhko.

Pryluky Meat Processing Plant PJSC was registered in 2003 in Pryluky, Chernihiv Oblast, and specializes in the production of meat products. The ultimate beneficiary is Dmytro Rozhko.

According to its annual financial statements, PJSC “Pryluky Meat Processing Plant” saw its revenue grow by 79.7% in 2025—to 159.5 million UAH—while net profit rose to 9.3 million UAH from 1.8 million UAH a year earlier.

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Energoatom retains nuclear safety powers after reorganization

On July 25, at the office of the State Nuclear Regulatory Inspectorate of Ukraine (SNRIU), DIARU), the official transfer of permits to JSC NAEK Energoatom for the performance of organizational and administrative functions related to ensuring the nuclear and radiation safety of Ukrainian nuclear power plants, as well as the Centralized Spent Fuel Storage Facility (CSFSF), took place.

“This stage is part of the company’s reorganization – changing its form of governance from a state-owned enterprise to a joint-stock company,” the company said on Friday.

The licenses were handed over to Energoatom’s head, Petro Kotin, by the head of the State Nuclear Regulatory Inspectorate, Chief State Inspector for Nuclear and Radiation Safety, Oleg Korykov.

He noted that the SNRIU team had conducted inspections of all nuclear facilities and nuclear power plant sites and had given a positive assessment of Energoatom’s ability to comply with safety requirements, standards, and regulations, as well as the terms of the licenses.

“Obtaining licenses to operate under the new status confirms that Energoatom retains its full powers and ensures the continuous operation of nuclear power units,” emphasized the head of Energoatom.

The changes to the licenses were made in line with the law “On the Joint Stock Company National Nuclear Energy Generating Company Energoatom” and the Cabinet of Ministers’ resolution No. 1420 of December 29, 2023. “On the establishment of the joint-stock company ”National Nuclear Energy Generating Company “Energoatom.”

Currently, Energoatom operates nine power units at the South Ukraine, Rivne, and Khmelnytskyi NPPs with a total capacity of 7,880 MW. All of them are located in territory controlled by Ukraine.

The Zaporizhzhia Nuclear Power Plant, with six VVER-1000 power units with a total capacity of 6,000 MW, has not been producing electricity since September 11, 2022, following its occupation on March 3-4, 2022.

 

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PJSC Inter-Plus will be reorganized

PJSC Inter-Plus (formerly PJSC IC Inter-Plus Kiev) will be reorganized into LLC Interplus Group (Kiev), the company reported in the information system of the National Commission on Securities and Stock Market (NCSSM).

Such decision was made by shareholders at the meeting on March 3, 2025.

In addition, the general meeting of shareholders approved the procedure and conditions for the implementation of the transformation, elected the personal composition of the termination Commission, established the procedure and term for the application of creditors of their claims.

As reported, the National Bank of Ukraine (NBU) revoked the licenses for insurance activities of PJSC IC Inter-Plus and excluded the company from the State Register of Financial Institutions.

Earlier, the NBU on April 1, 2024 provided IC Inter-Plus with permissions to exit the market by executing insurance portfolios and agreed on a plan of exit from the market.

The insurance portfolio of IC Inter-Plus was formed at the expense of payments on third party liability insurance, air, water transport liability insurance (including carrier’s liability) – 76,8%, hull insurance – 6,1%, medical expenses insurance – 5,8%.

The volume of insurance premiums amounted to UAH 140,075 mln, formed insurance reserves – UAH 13,006 mln.

 

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UKRENERGO USES SCIENTIFIC LEGAL ANALYSIS CLAIMING ABSENCE OF POWERS OF REORGANIZATION COMMISSION TO MANAGE COMPANY

The Koretsky Institute of State and Law under a request of National Energy Company Ukrenergo has confirmed the absence of powers of the commission for reorganization of Ukrenergo to manage the company’s affairs. According to the findings of the scientific and legal analysis, the text of which Interfax-Ukraine has, the commission created by order of the Energy and Coal Industry Ministry No. 728 dated December 5, 2017, is not vested with the authority to manage the affairs of Ukrenergo and its current activities.
At the same time, according to the findings of the institute, the Energy and Coal Industry Ministry has not authorized the commission to manage the affairs and current activities of Ukrenergo, but only to provide organizational support for the Ukrenergo transformation process.
As reported, the ministry on October 18 said that the commission for reorganization of Ukrenergo, which from October 9 is headed by Blyzniuk, has decided that powers to manage the company are transferred to the commission head, which is aimed at the successful completion of the reorganization process.
Ukrenergo said about the deliberate obstruction of corporatization and the process of the introduction of the electricity market by the commission for reorganization of the company, which members are approved by the ministry.
The business court of Kyiv on October 23 suspended the decision of the commission for reorganization of Ukrenergo about the delegation of powers to manage the company to the head of the commission in the person of Deputy Energy and Coal Industry Minister of Ukraine Mykhailo Blyzniuk.

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