Business news from Ukraine

FRENCH-BASED TOTAL EREN WANTS TO GAIN CONTROL IN NUMBER OF SOLAR PLANTS IN UKRAINE

The Antimonopoly Committee of Ukraine (AMCU) will consider the application of French-based Total Eren S.A. (a subsidiary of Total) for the acquisition of more than 50% in six solar power plant operators (SPP).
According to the draft decision published on the AMCU website, Total Eren wants to gain control over Lviv-based Energy Space LLC (5.94 MW and 5.797 MW), Ternovytsia Solar LLC (13.023 MW and 15.537 MW), Ternovytsia Solar Plus LLC (12.832 MW and 15.537 MW), Sunlight Generation LLC (5.94 MW and 5.797 MW), Energopostach-Plus LLC (5.94 MW and 5.797 MW) and Lightful LLC (5.94 MW and 5.797 MW).
The main beneficiary of Energy Space and Ternovytsia Solar Plus is Kseniya Trofymenko (a daughter of the founder of NEST developer, the co-owner of the Multiplex cinema chain and ex-investor in Trade Commodity, Volodymyr Trofymenko), Ternovytsia Solar, Sunlight Generation Energopostach-Plus and Lightful – director general of TKS development holding Ivan Torsky.
Total Eren, together with the Norwegian company NBT, is building a large wind farm in Kherson region (Sivashenergoprom LLC).

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HORIZON CAPITAL INTENDS TO GAIN CONTROL OVER CYPRIOT COMPANY OWNER OF AVRORA SOCIAL STORE NETWORK

Cypriot Dealbeta Investments Limited, created by Emerging Europe Growth Fund III (EEGF III) private equity fund managed by Horizon Capital, intends to gain control over the Cypriot company Avroretail Investments Limited, the owner of the Avrora social store network.
According to the website of the Antimonopoly Committee of Ukraine (AMCU), the relevant issue was included in the agenda of the commission’s meeting on June 24.
According to the report, Dealbeta Investments has already entered into a shareholder agreement with the citizens of Ukraine and Avroretail Investments, which contains provisions on concerted actions and restrictive obligations for a period of five years.
According to the state register, Avroretail Investments, registered in March of this year, in April became the owner of Prior Investments LLC (Scherbany village, Poltava region) with Seven A LLC (Poltava) instead of the co-owner of the Avrora chain, Poltava businessman Lev Zhidenko, and Vyhidna Pokupka LLC (Poltava) instead of Zhidenko (who owned 33.74%), Taras Panasenko (56.75%) and Lesia Klymenko (9.49%). Promyslova 9 LLC (Vinnytsia), which belonged to Zhidenko and Panasenko on a parity basis, was also registered for Avroretail.
Vyhidna Pokupka LLC (until May of this year – Lafesta) last year increased its revenue 2.4 times, to UAH 1.011 billion, and net profit – 2.2 times, to UAH 55.9 million.
According to the information on the website of the Avrora chain, its stores operate in almost all regions of Ukraine in the One Dollar Store format.

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UKRAINE MAY TIGHTEN CONTROL OVER VISITORS FROM UK, INDIA, RUSSIA, PORTUGAL TO PREVENT DELTA STRAIN SPREAD

The government is exploring the possibility of strengthening control over visitors from the UK, India, Russia and Portugal to prevent the circulation of the “Delta” (Indian) strain of coronavirus (COVID-19), Health Minister Viktor Liashko said.
“At the Cabinet of Ministers we considered the possibility of strengthening control over people who come from four countries, Great Britain, India, Russia and Portugal, where the greatest circulation of the so-called Delta virus,” he said at a press conference in Kyiv on Wednesday.
As noted by Liashko, the peculiarity of the Delta strain is that it is transmitted faster and leads to hospitalization faster.
“This leads to the fact that hospitals fill up rather quickly, in particular, we see this in Russia,” he said.

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POWERS OF ARCHITECTURAL AND CONSTRUCTION CONTROL TO BE TRANSFERRED TO UKRAINIAN COMMUNITIES

The powers of architectural and construction control will be transferred to local authorities by the end of 2021, Minister of Communities and Territories Development of Ukraine Oleksiy Chernyshov has told Interfax-Ukraine.
“My mission as minister of communities and territories development is to transfer powers to the communities. The deadline will be determined by law [on the reform of the system of architectural and construction control]. The beginning of a new budget year would be perfect so that communities have the opportunity to prepare for the high-quality performance of their powers,” Chernyshov said.

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UKRAINE DEVELOPS CANCER CONTROL STRATEGY

The Ministry of Health has developed and is preparing for implementation the National Cancer Control Strategy until 2030, Health Minister Maksym Stepanov said during a press briefing in Kyiv on Wednesday.

“The Ministry of Health in 2020 has developed a National Cancer Control Strategy until 2030, the implementation of which will start in the near future,” he said.

The minister said that it is planned to expand the list of services for the diagnosis and treatment of cancer under the medical guarantees program.

“In 2020, 118 medical institutions provided services for the diagnosis of oncological diseases. In 2021, we will expand the list of such services as much as possible,” Stepanov said.

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BRITISH-BASED FERREXPO, WHICH CONTROLS MINING ENTERPRISES IN UKRAINE, RAISES PELLET OUTPUT BY 7.4%

British-based Ferrexpo Plc, which controls Poltava and Yeristovo mining enterprises in Ukraine, increased the total production of pellets by 7.4% in January-March 2020 compared to the same period in 2019, to 2.725 million tonnes. According to the company’s press release on Tuesday, April 7, the total production of pellets with 65% iron content (Ferrexpo Premium Pellets and Ferrexpo Premium Pellets plus) amounted to 2.652 million tonnes (an increase of 9,1%), with 62% iron content (Ferrexpo Basic Pellets) some 73,330 tonnes (a decrease of 31.8%).
There was no pellet production from third party concentrate in Q1 2020.
Sales are expected to reach about 2.8 million tonnes in the first quarter 2020, compared to 2.6 million tonnes in the first quarter 2019 (an increase of 7.7%).
“Production in Q1 2020 was not impacted by the COVID-19 virus [disease]. Ferrexpo continues to take active measures to help protect our workforce and local communities against the spread of the virus,” the enterprise said in a press release.
In 2019, there was also no pellet production from third party concentrate, while in 2018 some 101,000 tonnes of pellets were produced.
Ferrexpo is a Swiss iron ore company with assets in Ukraine. Its core business is production and export of high quality iron ore pellets used in steel production.

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