DTEK Holdings Limited has extended the term for the redemption of DTEK Energy eurobonds maturing in 2027, announced on March 6, to March 23. According to the company’s report on the stock exchange, the maximum amount has been increased to $80 million, however, compared to the offer in November, there is no maximum buyback price, … Read more
The financial company NovaPay, which is part of the Nova Poshta group of companies, the leader of express delivery in Ukraine, is in the process of obtaining a European license of the Electronic Money Institution (EMI), said Viacheslav Klymov, co-founder of Nova Poshta. “NovaPay will develop, like the whole group – to create international expansion. … Read more
Fitch Ratings has downgraded DTEK Renewables B.V.’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to ‘Restricted Default’ (RD) from ‘C’, following the company’s disclosure of the result of its tender offer. Fitch has simultaneously upgraded the IDRs to ‘CC’, reflecting DTEK Renewables’ post-restructuring profile with continuing high default risk. Fitch regards DTEK Renewables’ tender … Read more
The National Agency on Corruption Prevention (NACP) has included Metro Cash&Carry in the list of international sponsors of the war, the agency’s press service has reported. As noted in the press release, the decision was made due to the position of the company’s management to continue operations in Russia. In addition to the retail business, … Read more
Ukraine’s National Agency on Corruption Prevention or NACP has declared French corporation Auchan Holding an international sponsor of war, the agency reported on Feb. 23. The corporation was added to the list as it had refused to stop financing the terrorist state since the beginning of Russia’s full-scale invasion of Ukraine and continues to operate in Russia. … Read more
PJSC ArcelorMittal Kryvyi Rih (AMKR) hopes for an improvement in the situation with power supply in the first half of this year and an increase in production from the current 25% to 50% of the plant’s capacity, CEO Mauro Longobardo has said. “We can’t produce more than 25% because we don’t have enough power. As … Read more
Ukraine’s National Agency on Corruption Prevention or NACP has declared U.S. multinational consumer goods corporation P&G (Procter & Gamble) an international sponsor of war, according to the agency’s list of such sponsors, published on the official website. The corporation was added to this list because it continues to operate in Russia, according to Ukraine’s Economic Security Council, … Read more
Kernel Agricultural Holding has acquired the OilExportTerminal in Pivdennyi port, the company announced in a Facebook post on Jan. 25. Kernel CEO Yevhen Osypov called the new asset strategically important for the company, given the lack of oil transshipment at Mykolaiv terminals. In the 2019-2022 marketing years, Mykolaiv accounted for about half of the total … Read more
Nova Poshta has adapted to work in the conditions of full-scale Russian aggression and has already reached the indicator of the volume of shipments of 95% of the pre-war level, in 2023 it intends not to slow down the pace of development by opening new branches, and also to complete the construction of two sorting … Read more
Metal production levels at the ArcelorMittal Kryvyi Rih steel mill fell fivefold in 2022, the company’s Chief Executive Officer Mauro Longobardo has said, reporting last year’s results. “Because of full-scale war in Ukraine, decrease in export opportunities and limitations of power supply, production capacities of ArcelorMittal KryvyiRih (AMKR) were loaded by not more than 20-25% … Read more