Business news from Ukraine

BALTIC BEVERAGES INVEST ANNOUNCES SQUEEZE-OUT OF SHARES FROM MINORITY SHAREHOLDERS IN CARLSBERG UKRAINE

Baltic Beverages Invest Aktiebolag (Sweden) has announced plans to use the right to squeeze out shares from minority shareholders in one of the largest breweries in Ukraine – private joint-stock company Carlsberg Ukraine (Zaporizhia).
According to the report on March 26, 2019, Baltic Beverages Invest is the direct holder of the dominating stake in Carlsberg Ukraine in the amount of 1.01 billion with the face value of UAH 1 each, which is 98.77% of the total number of shares in the company.
Carlsberg Ukraine is to approve the market value of shares no later than 25 working days from the moment of receiving the announcement and inform Baltic Beverages Invest about it.
Carlsberg Ukraine is part of Carlsberg Group/
The group in Ukraine has three breweries in Zaporizhia, Kyiv and Lviv.

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DTEK OIL & GAS BECOMES HOLDER OF 25% OF SHARES IN ENERGY COMPANY KYIVOBLENERGO

The operating company responsible for the oil and gas sectors in the structure of the DTEK energy holding – DTEK Oil & Gas – has become the holder of 24.99% shares in private joint-stock company Kyivoblenergo earlier belonged to VS Energy International Ukraine LLC.
According to a report of Kyivoblenergo posted in the information disclosure system of the National Commission for Securities and the Stock Market, VS Energy now holds 33.60788% shares in the company.
As reported, early January 2019, DTEK announced its intention to build up 68.2949% of shares in JSC Odesaoblenergo and 93.9978% in JSC Kyivoblenergo owned by VS Energy Group.
DTEK was established in 2005 to manage the energy assets of Rinat Akhmetov’s System Capital Management Group (SCM, Donetsk). The corporation performs functions of strategic management of the group’s enterprises, which constitute a vertically integrated chain of coal production and washing, production and sale of electricity.
VS Energy International Ukrainе owns shares in the following companies: Kyivoblenergo, Rivneoblenergo, Khersonoblenergo, Kirovohradoblenergo, Zhytomyroblenergo, Odesaoblenergo, Chernivtsioblenergo, Sevastopolenergo. Also, the company owns large stakes in Mykolaivoblenergo and Khmelnytskoblenergo.
According to the unified public register of companies, the ultimate beneficiaries of VS Energy International Ukraine are citizen of Germany Marina Yaroslavskaya, as well as citizens of Latvia Vilis Dambins, Arturs Altbergs and Valts Vigants. Ukrainian media and politicians also named several Russian businessmen as beneficiaries of the company.

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GRIGEO KLAIPEDA INTENDS TO BUY MINOR SHARES IN UKRAINIAN MANUFACTURER OF CORRUGATED BOXES

Grigeo Klaipeda (Lithuania), which owns the major stake (more than 97.92%) in PJSC Mena Pack (Mena, Chernihiv region), a manufacturer of corrugated boxes, intends to use the right of squeeze-out.
According to a report by Mena Pack in the information disclosure system of the National Commission on Securities and Stock Market, it received the corresponding notification on November 27.
Grigeo Klaipeda has been holding the major stake in the company since 2012. The charter capital of the company is UAH 4.01 million, the nominal value of shares is UAH 5.
Mena Pack, which has been operating in the corrugated packaging market for more than 30 years, produces corrugated packaging made of three-layer corrugated cardboard for tobacco, food and construction industries.
Grigeo Klaipeda is part of Grigeo Group, the only manufacturer of chipboard, cardboard and sanitary paper in Lithuania and one of the largest in the Baltic States. Grigeo Klaipeda produces components for corrugated cardboard.

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NOTER INVEST BECOMES HOLDER OF 99% OF SHARES IN CAPITAL INSURANCE

Noter Invest LLC is the holder of 99.8% shares in Capital Insurance (both based in Kyiv), the National Depository of Ukraine told the company on October 3.
The insurance company said that earlier the new owner did not have shares in the company.
The national commission for financial service markets regulation on September 13, 2018 permitted Noter Invest LLC to buy shares in Capital Insurance.
Private Joint Stock Insurance Company Capital Insurance was registered in 2007. It specializes in providing services in the field of risk insurance. The charter capital of the company is UAH 8.429 million.
According to the unified public register of companies, Noter Invest LLC was registered in June 2018. Its founder and head is Tetiana Tomilenko.
The charter capital of the company is UAH 130,000.

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ASTARTA BUYS BACK 1,710 SHARES FROM AUG 27 THROUGH AUG 31

Astarta Holding N.V. (the Netherlands), the holding company of Astarta holding, in the period from August 27 through August 31, 2018 bought back 1,710 own shares. The average price was PLN 32.99 per share, according to a posting on the Warsaw Stock Exchange (WSE).
According to the WSE, the Astarta’s shares on September 3, 2018 fell by 1.82%, to PLN 32.40 per share ($1 equals PLN 3.6991 using the exchange rate of the National Bank of Poland as of September 3). As reported, the Board of Directors of Astarta Holding N.V. appointed Poland’s brokerage house, Pekao Investment Banking S.A. a buyback agent to carry out the buyback of the company’s shares under the approved program. The buyback program was launched for the purpose of meeting obligations arising the debt financial instruments exchangeable for or convertible into equity instruments and employee share option programs.
On May 25, 2018, the shareholders in Astarta approved the decision to extend the buyback program for another 18 months (from the date of the holding of the general meeting of shareholders). The company could buy back up to 2.5 million shares (up to 10% of outstanding securities) at the price of no more than PLN 125 per share.
Astarta is a vertically integrated agro-industrial holding operating in Poltava, Vinnytsia, Khmelnytsky, Ternopil, Zhytomyr, Chernihiv, Cherkasy and Kharkiv regions.

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CZECH VECTOR ENERGY TO BUY 49.9% OF IVANO-FRANKIVSK VALVE PLANT’S SHARES

Czech company Vector Energy s.r.o. (Plzen) plans to buy 1.58 million ordinary registered shares of PJSC Ivano-Frankivsk Valve Plant, thus the buyer will have a 49.99% stake in this enterprise.
Vector Energy currently does not own shares of the plant, the company’s announcement in the National Securities and Stock Market Commission’s bulletin.
According to the Czech Trade Register, Vector Energy was registered in 2014, the director and owner of the company is Roman Shyliuk from Kyiv.
PrJSC Ivano-Frankivsk Valve Plant was registered in 1995. According to the National Securities and Stock Market Commission, its co-owners are PrJSC Energomashinvest and PrJSC S.V.T.A. whose ultimate beneficiary in the state register of legal entities and individuals is Abigail Silvan (West Indies, Grenada).
Serhiy Shyliuk is the head of PrJSC Ivano-Frankivsk Valve Plant since 2015.
According to the financial statements for 2017, Ivano-Frankivsk Valve Plant increased its net income by 77%, to UAH 52 million, reduced its net loss by 44%, to UAH 38.5 million.
The plant’s charter capital is UAH 159,800.

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