Business news from Ukraine

Business news from Ukraine

TATHKRAH GENERAL TRADING BUYS DIVANTV

23 December , 2021  

Tathkrah General Trading (Luxembourg, owned by Belgian citizen Jan Tees) on September 7, 2021 acquired 100% of the charter capital of Finart Capital Invest LLC (DivanTV trademark), but still cannot get control over the service.
Representative of Tathkrah General Trading Viktor Zakharchuk said at a press conference on Wednesday that the company had reached an agreement with Mikarnial Ltd. on the acquisition of 100% of Finart Capital Invest LLC on September 7 this year..
Zakharchuk also said that after the purchase of the company, foreign investors faced resistance from the management, which controls DivanTV, in particular “the representative of the minority shareholder Mikarnial Mykola Fadeev and former head of the service Arkadiy Kaniuk.”
“The people who previously controlled Finart Capital Invest refused to implement the terms of this agreement, refused to transfer any documentation, access codes to the DivanTV website control panel and any material values that belonged to the company. Although they sent a report, in which they indicated that they were all dismissed, to the tax office at that moment,” Zakharchuk said.
Later, the former management of the company turned to the Ministry of Justice with a complaint about the illegal actions of the public registrar when buying the company. And, as Zakharchuk said, the Ministry of Justice ordered to cancel the state registration of the purchase of Finart Capital Invest LLC.
He also said that as of August 2021, DivanTV had UAH 20 million in arrears to Ukrainian media groups, and the total debt was estimated at UAH 45 million. At the same time, Tathkrah General Trading decided to allocate $5 million to pay off Divan TV’s debts.
The DivanTV website is currently operational, but the company’s app has been removed from the App Store and Google Play. Its official Facebook page has been closed.

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