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26.05.2017Oleksandr Yaroslavsky purchased one of the largest iron ore procurement enterprises

BERKLEMOND INVESTMENTS LTD company, belonging within Oleksandr Yaroslavsky’s DCH Group, purchased EVRAZ Sukha Balka. This enterprise specializes on the iron ore procurement through the underground method. The structure of the group of enterprise includes two mines – “Ubileynaya” and named after Phrunze. Last year, more than 2,5 million tones of sintering ore were realized by the company.

The deal was finished though passing the whole stock capital of Kadish Limited (the enterprise that owns shares of EVRAZ Sukha Balka) to the buyer by EVRAZ Group S.A. company. The total amount of transaction was USD 110 million, which is relevant to the level of current capital and debt of the iron ore enterprise.

DCH group had developed different capital investment projects, including, besides UkrSibbank, also “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. The businessman’s latest purchases were Kharkov Tractor Plant, which, after 10-month of lie time, started its work in the beginning of 2017, and insurance company “INGO Ukraine”.

 

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