Business news from Ukraine

UDP DEVELOPER BUYS BUILDING IN KYIV FOR $4 MLN

The department of municipal ownership of the Kyiv City Administration has sold a nonresidential building located at 8 (A, A2) Heorhiyevsky Lane in the Shevchenkivsky district of Kyiv, at an auction to Global Invest LLC (Kyiv) for UAH 102.541 million (around $4 million).
The department of municipal ownership told in response to the inquiry of Interfax-Ukraine that the building with gross area of 3,800 square meters was placed to the list of facilities being in municipal ownership of the Kyiv community and eligible to privatization.
According to the unified public register, the holder of 99.776% of the charter capital of Global Invest LLC is UDP Asset Management LLC, which acts on its own behalf and on behalf of Misky Quarter fund (as of June 8, 2018, the company also holds 67.3% in the charter capital of Ukrainian Development Partners (UDP) LLC).
The department said that a nonresidential building located at 44A, Khreschatyk Street was sold to Vacus-Investments LLC (Kyiv) for UAH 32.3 million.
Verdis LLC (Kyiv) privatized a building with gross area of 435 square meters located at 1/2A, Baseina Street for UAH 4.3 million.
Kronker Group LLC bought a building with gross areas of 460 square meters located at 3A, Trukhanivska Street for UAH 5.9 million.
Global Invest LLC was founded in 2004. Its core business is construction of residential and nonresidential buildings. The ultimate beneficiary is ex-director general of UDP Valeriy Kodetsky.

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CHINESE ANHUI COMPANY INTERESTED IN BUILDING INDUSTRIAL PARK IN ODESA REGION

China’s Anhui Conch Cement Company Limited is interested in building a cement plant, a construction materials park and investing in tourism. The press service of the Odesa Regional Council reported that the issues were discussed at a meeting of Chairman of the Odesa Regional Council Anatoliy Urbansky with representatives of Chinese business. A delegation from China included the commercial consul of the General Consulate of China in Odesa, representatives of Anhui Conch Cement Company Limited and the Ukrainian branch of China Metallurgical Construction Engineering Group Co., Ltd. The Odesa Regional Council expressed its readiness to consider all investment proposals of Chinese businessmen.
China Metallurgical Construction Engineering Group is a large company in China. It is involved in construction of industrial and civil facilities in China and abroad. Anhui Conch Cement Company Limited produces and sells cement and commodity clinker. Its products are exported to over 20 countries, including the United States and the EU.

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STATE PROPERTY FUND ANNOUNCES TENDER TO LEASE PART OF COOLANT SYSTEM OF CHORNOBYL NPP FOR BUILDING SOLAR POWER PLANTS

The State Property Fund of Ukraine (SPF) has announced a tender to lease part of the engineering facilities of the coolant system of facilities of the Chornobyl nuclear power plant (NPP) on the area of 2.5 million square meters for construction of a solar power plant, First Deputy SPF Head Dmytro Parfenenko has said.
“We are accepting bids from May 10 through May 20 inclusively… The tender will be held on May 29,” he wrote on his Facebook page.
The starting price will be the largest sum proposed by the bidders (no lower than UAH 14,170 a month (VAT not included).
The condition for participating in the tender is experience in building and operating solar power plants with a capacity of at least 50 MW.
The site for placing the plant will be leased for 49 years. The capacity of the facility could reach 100 MW, according to the fund’s calculations.
As reported, earlier the Enerparc AG – Rodina Energy Group consortium built a pilot solar power plant with a capacity of 1 MW near the Chornobyl NPP.

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GRAIN EXPORTER NIBULON PLANS TO START BUILDING CARGO SEA VESSELS

Nibulon plans to start building cargo sea vessels in summer 2018, Director General of Nibulon Olekskiy Vadatursky has said in an interview with the Ports of Ukraine publication. “In March this year, for the first time at our shipyard, building of a dry cargo ship with a length of 100 meters was launched. And in the summer, after the reconstruction of the shipyard facilities, we will be able to build full-sized cargo ships of 140 meter length. We plan to build a specialized marine vessel with deadweight of 10,000 tonnes as a transshipment raid station,” he said.
According to Vadatursky, the vessel will be equipped with two cranes, which can handle up to 20,000 tonnes of grain per day. The deadline for its delivery is July 1, 2019.
“As we build our own marine fleet, we will extend the transport chain from the agricultural producer to the final consumer on the Nile,” he said.
The general director of Nibulon said that for the 12 years since the beginning of the implementation of infrastructure projects, to date, $1.76 billion has been invested, in particular about $100 million over the past year.
Nibulon LLC was established in 1991. It is one of the largest operators in the grain market of the country. It has elevators with a total capacity of about 2 million tonnes, as well as its own transshipment terminal with a capacity of 5 million tonnes in Mykolaiv. Infrastructure ministry mulling three options for financing construction of big orbital road around Kyiv

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