DTEK launches giant 100-megawatt wind farm in Zaporizhia Oblast

Rising three dozen stories above the Azov Sea coast near the small village of Orlivka in Zaporizhia Oblast, 26 wind turbines spin their blades, drawing power from the gusty cold November winds. Launched on Nov. 15, this 100-megawatt wind farm, worth 131 million euros, became DTEK’s sixth major renewable project. DTEK is Ukraine’s largest private […]

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IFC approves EUR 30 mln loan for Ukrgasbank with option to convert into up to 20% bank’s equity share

The International Finance Corporation (IFC) from the World Bank Group has approved the provision of a five-year EUR 30 million loan to state-owned Ukrgasbank with an option to convert into up to 20% equity share of the bank. IFC said that its board approved the decision on November 11. At present, the signing of the […]

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Soltex Capital buys claims to Respublika mall at Dutch auction

The Deposit Guarantee Fund of Ukraine at an auction on Tuesday sold claims to two loans of Nadra Bank being under liquidation with uncompleted Respublika shopping and entertainment center used as collateral. According to the ProZorro.Sales platform, Soltex Capital LLC won the auction at the final bid of the second stage of the Dutch auction, […]

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Dragon Capital Becomes Minority Shareholder in Ciklum

Dragon Capital Investments Limited, a member of the Dragon Capital Group, and Dragon Capital New Ukraine Fund L.P. managed by the company led a new investment round and became minority shareholders in Ciklum, a global digital solutions company with major footprint in Ukraine. According to a press release of Dragon Capital, AVentures Capital participated in […]

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Glencore sells grain elevator in Dnipropetrovsk region

The Antimonopoly Committee of Ukraine allowed the Grain Trade Ltd company from Lithuania to acquire a share in the charter capital of the company Apostolovo-Agro which owns an elevator is located in the Dnipropetrovsk region. This is reported on the website of the AMCU. “Granted permission of CJSC Grain Trade Ltd (Vilnius, Lithuanian Republic) to […]

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Fairfax not planning to merge Colonnade Ukraine, AXA Insurance

Fairfax Financial Holdings Limited (Fairfax, Canada), which announced the acquisition of 100% of shares in AXA Insurance, does not plan to merge it with its insurance company Colonnade Ukraine, operating on the Ukrainian market, First Vice President of AXA Insurance Andriy Peretiazhko said at a press conference on Tuesday. He said that Fairfax is a […]

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Ukraine and Norway in talks on EUR300-400 mln investment in renewable energy

Ukraine and Norway are negotiating about investments in renewable energy projects for EUR300-400 million, Ukrainian Foreign Minister Pavlo Klimkin has said. “We are starting work with a number of Norwegian companies that come to build relations in renewable energy. The matter concerns serious investment of EUR 300-400 million,” the minister said at a joint press […]

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Luxoft takes over IntroPro

Luxoft Holding, one of the supply of software development and IT solutions to global clients services, has acquired IntroPro, an engineering consultancy firm, specialized in architecture development. IntroPro has an experience in development, testing and QA, maintenance and services for content development and management, focused especially on TV, media and entertainment industry. „We are glad […]

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Apax Partners Buys GlobalLogic For USD 420 mln

Private equity giant Apax Partners has acquired GlobalLogic, an IT outsourcing firm founded by four IITians, for $420 million. GlobalLogic, founded by Rajul Garg, Sanjay Singh, Manoj Agarwala and Tarun Upadhyay, competes with Symphony Technology and Persistent Systems in the outsourced product development or research and development space. GlobalLogic is based in California, with large […]

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