Business news from Ukraine

CZECH VECTOR ENERGY TO BUY 49.9% OF IVANO-FRANKIVSK VALVE PLANT’S SHARES

Czech company Vector Energy s.r.o. (Plzen) plans to buy 1.58 million ordinary registered shares of PJSC Ivano-Frankivsk Valve Plant, thus the buyer will have a 49.99% stake in this enterprise.
Vector Energy currently does not own shares of the plant, the company’s announcement in the National Securities and Stock Market Commission’s bulletin.
According to the Czech Trade Register, Vector Energy was registered in 2014, the director and owner of the company is Roman Shyliuk from Kyiv.
PrJSC Ivano-Frankivsk Valve Plant was registered in 1995. According to the National Securities and Stock Market Commission, its co-owners are PrJSC Energomashinvest and PrJSC S.V.T.A. whose ultimate beneficiary in the state register of legal entities and individuals is Abigail Silvan (West Indies, Grenada).
Serhiy Shyliuk is the head of PrJSC Ivano-Frankivsk Valve Plant since 2015.
According to the financial statements for 2017, Ivano-Frankivsk Valve Plant increased its net income by 77%, to UAH 52 million, reduced its net loss by 44%, to UAH 38.5 million.
The plant’s charter capital is UAH 159,800.

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