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04.04.2017DCH Group purchases insurance company “INGO Ukraine”

Oleksandr Yaroslavsky’s DCH Group is purchasing one of the largest national insurance companies “INGO Ukraine”. At the moment documents of purchase of 25% batch of shares are signed, formal procedures of bargain’s closure are finishing. Further strategy of DCH regarding this asset is aimed at increasing of interests in carrier to 100%".

Owner and President of DCH Oleksandr Yaroslavsky commented on this investment: “Why did I buy? Because the economy should be raised, and the country must be invested in. External investors won’t come, unless they see that there is an internal life, that Ukrainian business isn’t escaping but investing. And why “INGO”? In January, it was managed to get Kharkov Tractor Plant moving, producing process was got going, plants started to roll off the assembly line – it became boring and we bought INGO. We will move like that further, asset by asset”.

As known, Oleksabndr Yaroslavky’s DCH group had successfully developed different capital investment projects, including, UkrSibbank, “Azot” in Cherkassy, “Kyivstar” etc. Investments of Alexander Yaroslavskiy in development of Kharkov region exceeded $ 1 billion with $ 300 million being invested in preparing infrastructure of Kharkov for Euro-2012.

“INGO Ukraine” is one of the oldest and the largest Ukrainian insurance companies that is stably among leaders of the market by the sums of insurance payouts, total insurance premiums and the size of own assets. It has 28 kinds of licenses on different types of obligate and voluntary insurance, multiple branch network, serves individual as well as corporate clients. In the end of 2016, ranking agency “IBI-Rating” confirmed the long-term credit rating of the company on the uaAA level (the highest reliability) with the prognosis “sustainable”.

 

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