Business news from Ukraine

TAS BECOMES DIRECT SHAREHOLDER IN CONCRETE ASPHALT PLANT

T.A.S. Overseas Investments Limited (Cyprus) belonged to Sergiy Tigipko has become a direct shareholder in private joint-stock company AB Stolychny concrete asphalt plant, building up a 47.89% stake in the company. The private joint-stock company reported in the information disclosure system of the National Commission for Securities and the Stock Market that as of December 31, 2019 T.A.S. Overseas Investments become direct owner of 34.467 million ordinary shares in the plant, which the company owned indirectly via Luregio Limited (Cyprus).
Ukraine’s Antimonopoly Committee of Ukraine on December 13, 2019 permitted T.A.S. Overseas Investments to acquire share in Luregio Limited, which will grant over 50% of the votes in the management body of the company.
The key shareholders of AB Stolychny concrete asphalt plant as of the third quarter of 2019 were Serhiy Samusev and Tigipko with shares of 47.9% and 22.6% respectively, as well as Forvink Limited (Cyprus, 24.7%, while as of the end of 2017, this stake was owned by Wecker Limited). The ultimate beneficiary of the company as of January 19, 2020 was Tigipko.

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