Business news from Ukraine

Business news from Ukraine

“Yuria” has agreed to transactions with Pivdenny Bank totaling up to 900 mln UAH

9 July , 2026  

Shareholders of PJSC “Yuria” (trademark “Voloshkove Pole”) have preliminarily approved significant transactions with AB “Pivdenny” totaling up to 900 million UAH, the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC).

The relevant decision was adopted at the general meeting of shareholders on July 2, and the minutes of the voting results were signed on July 7.
As noted in the announcement, the prior consent covers the conclusion of loan and other financial agreements with the bank, as well as amendments to existing agreements, specifically regarding financing limits, terms, interest rates, and fees.

In a separate resolution, the shareholders approved the general agreement on the provision of banking services, concluded on August 29, 2025, between PJSC “Yuria” and LLC “Pervomaisky Milk Canning Plant.” It provides for the possibility of obtaining loans, credit lines, guarantees, letters of credit, and other banking services with a maximum limit of 300 million UAH. The deadline for fulfilling obligations under the agreement is set for August 28, 2030.

The maximum aggregate value of transactions for which shareholders have given their prior consent is 900 million UAH, or 86.7% of the company’s total assets as of the end of 2025. The market value of the master agreement is estimated at 300 million UAH, which corresponds to 28.9% of the company’s total assets.
As previously reported, in June, the shareholders decided that PJSC “Yuria” may enter into significant transactions with Pivdenny Bank for a total amount of up to 900 million UAH, in addition to the transactions already concluded with a limit of 300 million UAH.

PJSC “Yuria” is the legal successor to the Cherkasy City Dairy Plant, with a design capacity of 25 metric tons of raw milk processing per day. It ranks among the top ten largest Ukrainian milk producers.
The dairy producer, operating under the “Voloshkove Pole” brand, invested EUR 1.5 million in 2023 to install a Tetra Pak production line in order to double its output of ultra-pasteurized milk. In 2024, the company invested EUR 1.6 million in modernizing the production facilities of its enterprises and launched a new production line for glazed cheese curds.

The company has two subsidiaries: “Yuria-2”—a network of brand-name stores and kiosks in Cherkasy—and “Yuria-Trans”—a trucking company that delivers raw materials and supplies for processing, products to retail outlets, and provides other transportation services. Its raw material supply area covers the Cherkasy, Kirovohrad, Poltava, Kyiv, and Vinnytsia regions. Milk is collected from over 200 settlements.

The company’s beneficiaries are Oleksandr and Andriy Tabalov.
According to the annual report, “Yuriya’s” revenue in 2025 grew by 27.8%—to 2 billion 200.95 million UAH—and net profit amounted to 62.68 million UAH, compared to a net loss of 121.95 million UAH the previous year.

As noted in the company’s reports, in 2025 a master agreement was signed with Pivdenny Bank for a credit line with a maximum financing limit of 300 million UAH; from September through December 2025, 67.72 million UAH was drawn down. As of the end of March this year, this amount had increased to 90 million UAH, with a loan rate of 17.5 million UAH.

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