Businessman Oleksandr Yaroslavsky, together with other shareholders of Sukha Balka (Kryvyi Rih, Dnipropetrovsk region), which is part of the DCH group, have joined forces and acquired a controlling stake of 99.7%, presumably for the compulsory buyout of shares from minority shareholders through a squeeze-out procedure.
According to a report by the National Securities and Stock Market Commission (NSSMC) shareholder Artem Alexandrov (Kyiv), acting as an authorized representative of persons acting jointly, regarding the acquisition of a controlling stake in PJSC “Sukha Balka” taking into account the number of shares owned by their affiliates, directly acquired ownership of 834 million 927.002 thousand shares of the company, which is 99.706% of the company’s authorized capital.
It is specified that the shareholders act jointly on the basis of a joint activity agreement dated June 10, 2025.
According to Aleksandrov, as of June 10 of this year, he directly owns 15.2% of the shares, and a total of 15.217212% of the mine (including indirect ownership).
Yaroslavsky, who is a citizen of the United Kingdom, directly owns 77.4193% of the mine’s shares, and a total of 77.68895%.
Ukrainian citizen Alexander Chorny directly and collectively owns 2%, Motor Development Group LLC (beneficial owner Gennady Piontkovsky) – 4.7999%, PJSC Closed Non-Diversified Venture Corporate Investment Fund Smart Capital (beneficial owner Yaroslavsky) – 0.2868%.
The Sukha Balka mine is one of the leading mining companies in Ukraine. It extracts iron ore using underground methods. It includes the Yuvileina and Frunze mines.
In May 2017, the DCH Group acquired the mine from the Evraz Group.
According to the NDU for the first quarter of 2025, Yaroslavsky, who is designated as a non-resident of Ukraine (a citizen of Great Britain), directly owns 77.4193% of the mine’s shares, and Artem Alexandrov, a resident individual, owns 20%.
The authorized capital of Sukha Balka is UAH 41.869 million, with a share par value of UAH 0.05.
Oleksandr Sosis owns 99.9999% of the shares of PJSC Ukrainian Joint-Stock Insurance Company ASKA-Life (Kyiv), according to the insurer’s announcement in the information disclosure system of the National Securities and Stock Market Commission (NSSMC). As reported, according to the NSSMC, as of the end of 2024, 55.6667% of the company was owned by SCM Finance Limited, 44.3333% – by Alexander Sosis. At the same time, Sosis is the main shareholder of Alliance Bank (Kyiv) with a stake of 89.289%.
In October 2024, the Antimonopoly Committee of Ukraine (AMCU) granted him permission to acquire control over ASKA-Life.
On April 3, 2025, Anna Dugadko, a member of the Supervisory Board of ASKA-Life as a representative of SCM Finance Limited, was removed from the company’s Supervisory Board after the alienation of the beneficiary’s shares.
ASKA-Life Insurance Company was registered in 2003 and specializes in life insurance.
According to the NBU, in 2024, ASKA Life collected UAH 136.2 million in insurance premiums and made insurance payments of UAH 7.915 million. Its eligible assets amounted to UAH 215 million, and technical reserves amounted to UAH 121.145 million.
The authorized capital is UAH 49.625 million.
The Board of Directors of the Ukrainian agricultural holding KSG Agro has sold 700 thousand shares owned by the company to a new partner in accordance with the company’s development strategy and in order to increase the participation of new investors in new projects.
“KSG Agro still owns 800 thousand shares in the company,” the agricultural holding said in a statement on the Warsaw Stock Exchange (WSE).
The name of the new partner was not disclosed.
Taking into account the total number of shares, it means the sale of 4.66% and retention of 5.33% of the company’s shares.
On Thursday, KSG Agro’s share price on the WSE decreased by 0.25% to PLN4.07 per share ($1.05 at the current exchange rate), which corresponds to a capitalization of PLN60.53 million ($15.62 million).
As reported, KSG Agro in February this year announced the purchase of 10% of its own shares from its major shareholder Olbis Investments Ltd, Sergey Kasyanov, to diversify and expand its investment activities in the EU markets. Olbis Investments’ stake is now 47.97%.
In January-September 2024, KSG Agro agricultural holding generated $16.8 million in revenue, up 41% year-on-year. Its EBITDA for the three quarters of last year decreased by 4% to $4.38 million, and its net loss amounted to $0.8 million against a net profit of $1.34 million for the same period in 2023.
The share price of Ferrexpo plc, a mining company with major assets in Ukraine, fell by 25.5% to 80 pence after the stock exchange announced on February 4 that law enforcement agencies had filed a civil lawsuit against the company’s subsidiary Poltava Mining and Processing Plant (PGOK) and its CEO for damages in favor of the Ukrainian state in the amount of UAH 157 billion (about $3.76 billion).
According to the London Stock Exchange’s website, in the first minutes after the company published this information, the shares fell by more than half – by 52%, to 51.5 pence, but by the end of the day, after several ups and downs, their price rose to 80 pence.
Currently, the spread on the company’s shares has widened to 57 pence to buy and 130 pence to sell, according to the stock exchange. According to Ferrexpo’s February 4 publication, the company received information that the National Police completed a pre-trial investigation on January 16, 2025, into the sale of iron ore pellets and sent the case to the court of first instance.
“The initial charges of illegal sale of waste have been transformed into charges of illegal extraction and sale of subsoil (minerals other than iron ore), which allegedly caused environmental damage. The company completely rejects these allegations on the grounds that there was no illegal mining,” Ferrexpo said.
The company emphasized that the plant extracts iron ore under a mining license. The iron ore is then processed to produce iron ore pellets.
As a result of these processes, any waste that remains is disposed of in accordance with best mining practices and environmental standards. “Based on the information received by the Group and after consultations with
Ukrainian lawyers, PGOK believes that these accusations and claims are unfounded and intends to firmly defend its position in the Ukrainian courts,” Ferrexpo said and added that the Group’s operations remain unchanged.
Earlier it was reported that other investigative actions are being taken against the management of the Mining and Processing Plant. In particular, in September 2023, the National Police investigators notified Viktor Lotous, Chairman of the Board of the Mining and Processing Plant, of suspicion of illegal mining worth UAH 157 billion. Ferrexpo is an iron ore company with assets in Ukraine.
Ferrexpo owns 100% of shares in Poltava Mining, 100% of shares in Yeristovo Mining and 99.9% of shares in Bilanivsky Mining. Ferrexpo’s net profit for the first half of 2024 amounted to $54 million, up 104% compared to the first half of 2023, while revenue increased by 64% to $549 million. Over the past year, Ferrexpo’s share price has fluctuated between 38.15 pence and 124 pence, with a current capitalization of GBP478.5 million, although before the war, in the summer of 2021, during the global shortage of mining raw materials, the share price reached a maximum of 480.8 pence.
Bank Clearing House has bought back 5.2727% of shares from Ivan Fursin, as a result of which its share has decreased from 6.8773% to 1.6046%, according to the information in the disclosure system of the National Securities and Stock Market Commission (NSSMC).
It is specified that the shares were bought back on May 17 this year.
As reported, Clearing House Bank planned to buy back 2,540 ordinary registered shares, or 5.2727% of the authorized capital.
According to the National Bank of Ukraine (NBU), as of January 1, 2024, its shareholders were: Yulia Lyovochkina – 63.4068%, Ivan Fursin – 16.7791% (6.8773% direct participation and 9.9018% indirectly through Vistaki Ventures Limited), Ihor Voronin – 9.7855%, Fabian Bonneleim – 6.4642%, Ng Ching Yu – 2.5408%, Yuriy Boyko – 1.0172% and Oleksandr Danchenko – 0.0005%.
As of April 1, 2024, in terms of total assets, Clearing House Bank ranked 34th (UAH 5.48 billion) among 63 banks operating in the country. Last year, the bank increased its net profit to UAH 143.56 million from UAH 83.58 million in 2022, and its assets increased to UAH 5.5 billion from UAH 5.2 billion, according to the annual report.
Bank Clearing House may buy back 2,540 ordinary registered shares, or 5.2727% of the authorized capital, according to information in the disclosure system of the National Securities and Stock Market Commission (NSSMC).
According to the announcement, the relevant issue will be considered at the general meeting of shareholders on April 29 this year.
The agenda stipulates that the shares are to be repurchased at the market value determined by the appraiser Garant-Expertise LLC.
According to the bank, as of January 1 this year, its shareholders were: Yulia Lyovochkina – 63.4068%, Ivan Fursin – 16.7791%, Ihor Voronin – 9.7855%, Fabian Bonneleim – 6.4642%, Ng Ching Yu – 2.5408%, Yuriy Boyko – 1.0172% and Oleksandr Danchenko – 0.0005%.
As of February 1, 2024, in terms of total assets, Clearing House Bank ranked 34th (UAH 5.74 billion) among 63 banks operating in the country. Its authorized capital amounted to UAH 510.4 million, and its equity capital was UAH 1 billion 71.4 million.
Last year, the bank increased its net profit to UAH 143.56 million from UAH 83.58 million in 2022, and its assets grew to UAH 6.09 billion from UAH 5.85 billion.
