Business news from Ukraine

OREXIM GRAIN TRADER BUYS RAILWAY COMPANY

The Antimonopoly Committee of Ukraine (AMCU) has allowed Orexim closed non-diversified venture corporate investment fund to increase its share in the charter capital of Ukrtranslogistic (UTL, Kyiv) to over 50%, whereas now this figure is 10%.
The state regulator made the corresponding decision at a meeting on January 13.
According to the unified state register of legal entities and individual entrepreneurs, the ultimate beneficiary of Orexim with a charter capital of UAH 504.7 million is Ukrainian businessman Yuriy Budnyk.
The investment fund is part of Orexim Group, the main activities of which are the export of agricultural products, port and logistics services. The group has offices in several cities of Ukraine, as well as abroad.
During its existence, the group has invested over $ 100 million in fixed assets.
According to the information on the UTL website, the company is engaged in the lease of railway wagons. Its wagon fleet consists of about 300 wagons, 62% of which are high-sided wagons, 27% are grain wagons, 11% are covered wagons.
According to the state register, Ukrtranslogistic with a charter capital of UAH 35,000 was founded in 2015. The majority shareholder of the company is Volodymyr Kustkov, who owns 31.34% of shares. In addition to him, shares of 10% in the company belong to Orexim and Alveor fund (Kyiv) belonging to Serhiy Kovalchuk and Yevhen Denisov.

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GRAIN TRADER SWISS MARCOPOLO COMMODITIES PLANS TO OPEN OFFICE IN UKRAINE

Marcopolo Commodities S.A. grain trader (Switzerland) has decided to open its representative office in Ukraine by July 2018 in order to improve the efficiency of work of the Black Sea market. “To maximize the efficiency of work of the Black Sea market, the management decided to establish a local representative office. It is planned by the new season to open a Ukrainian office, whose tasks include purchase of grain and processed products and delivery under the CPT terms for subsequent sale to end users under FOB/CIF terms,” director of the company’s analytics department Olena Neroba told Interfax-Ukraine.
The company plans to reach 1 million tonnes of supplies per season. The company intends to purchase goods directly from manufacturers. “We understand that the availability of our own infrastructure will create additional competitive advantages. And we are aimed at long-term cooperation with the Black Sea region and rely on Ukraine,” she said.
Marcopolo Commodities S.A. plans to open an office not only in Ukraine, but also in Madrid to make it easier to work with the south of Europe and in Singapore to enter the Asian market. The Swiss company Marcopolo Commodities S.A. was founded in 2015. It is engaged in trade in grains, oilseeds, processed products and biofuel. The owner and head of the company is Gonzalo de Lusarreta.

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