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MARKET NEWS: 2017, July 04 – July 10

  • The Supervisory Board of the Dneprovsky Metallurgical Combine (DMK, Kamenskoye, Dnepropetrovsk Oblast), which is part of the Industrial Union of Donbass Corporation (ISD), appointed Alexander Podkorytov as the Director General of the enterprise. This is reported by the press service of the DMK.Previously, Podkorytov worked as the General Director of PrJSC “Enakievo Metallurgical Plant” (EMZ), which is part of the Metinvest Group.
  • At an extraordinary shareholders’ meeting, Naftogaz recognized the work of the top management and the supervisory board of Kirovogradgaz as unsatisfactory and dismissed everyone. And in “Donetskoblgaz” renewed the composition of the supervisory board.  The supervisory board of Donetskoblgaz included two representatives of Naftogaz: Vladislav Volovik and Irina Ilchenko.
  • One of the subsidiaries of the Ukrainian agricultural group “Kernel” became a 100% owner of the agro-enterprise “Agro Invest Ukraine”. It is noted that the Antimonopoly Committee of Ukraine approved the transaction in May. The company paid $ 43.3 million for a 100% stake in the business, while the acquired agribusiness has a positive net working capital of more than $ 4 million.

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