Business news from Ukraine


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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Ukrzaliznytsia, in addition to France’s Alstom and China’s CRRC, is negotiating the supply of electric locomotives with Canada’s Bombardier, Anton Sabolevsky, the director for strategic development and investment policy of the company, has said in an interview with the Magistral industry portal. “Now Ukrzaliznytsia is actively negotiating with potential partners. The main contenders are Alstom, CRRC, and Bombardier. The main advantage of these manufacturers is that they have ready-made models of locomotives for the 1,520 mm gauge, the rest require quite a long time for such models to be developed,” he said.
According to the expert, ultimately, the main selection criterion will be the total cost of an electric locomotive, taking into account its operation life, which includes the initial price of the locomotive, the cost of its maintenance, and the conditions of financing the project, as well as the volume of production localization in Ukraine.
He also said that Ukrzaliznytsia could purchase shunting locomotives from the Japanese company Toshiba.

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