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.
