The main shareholder of PrJSC Ukraina Department Store, the manager of the shopping and entertainment center of the same name located at 3, Peremohy Square in Kyiv, Sweden’s Quinn Holdings Sweden AB, seeks to conduct a squeeze-out among minority shareholders of the company.
PrJSC Ukraina Department Store reported in the information disclosure system of the National Securities and Stock Market Commission of Ukraine, the company received the irrevocable proposal on July 27.
According to the report, Quinn Holdings Sweden AB, together with affiliated persons, owns 122.985 million common registered shares of the PrJSC, which is 98.372% of the total number of its shares. The ultimate beneficiary is the Irish state bank IBRC.
As reported, in connection with the bankruptcy of the owner of the Quinn group, control over its foreign assets, including Ukraina Department Store, passed to the managers appointed at the request of the Irish bank IBRC.
Romania’s Tacrom and Belorusneft will conduct hydraulic fracturing at 80 wells of public joint-stock company Ukrgazvydobuvannia for UAH 486.5 million, according to the ProZorro e-procurement system. Tacrom, in particular, won a lot during a tender and conduct hydraulic fracturing at 50 wells of Ukrgazvydobuvannia for UAH 303.8 million. Belorusneft wins another lot and will conduct hydraulic fracturing at 30 well for UAH 182.725 million.
Tacrom and Belorusneft were the only rivals during the tender.
Ukrgazvydobuvannia, which is wholly owned by NSJC Naftogaz Ukrainy, is a large gas processing company, which accounts for about 75% of total gas output in the country. It operates Shebelynka gas refinery.