Business news from Ukraine

Business news from Ukraine

DISTRIBUTOR OF ISUZU VEHICLES IN UKRAINE BECOMES OWNER OF ISUZU UKRAINE

Komtranskomplekt LLC (Kyiv), the official distributor of Isuzu vehicles and spare parts in Ukraine, has acquired 100% of shares in private joint-stock company Isuzu Ukraine automobile company (Kyiv), which sells Japan’s Isuzu trucks. According to a report in the information disclosure system of the National Commission for Securities and the Stock Market, Isuzu Ukraine received the notification on August 26. The deal to sell 25% of the company (the face value of each share is UAH 1,000) was signed in May 2018.
According to the commission, as of late Q2 2018, 80% of shares in PrJSC Isuzu Ukraine belonged to Japan’s Isuzu Motors and 20% to Sojitz Corporation.
Isuzu Ukraine automobile company was founded in 2007 to promote Isuzu-Bogdan buses and trucks to the Ukrainian and CIS markets. Bogdan Corporation held 50% of the shares, Isuzu Motors – 30% and Sojitz Corporation – 20%. In 2013, Bogdan Corporation left the company as a shareholder.

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