Cyprus-Based SMART HOLDING Became Owner of 29.7950% of Shares in KHARKIVOBLENERGO and KHARKIVENERGOZBUT

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24.02.21

SMART HOLDING (CYPRUS) LTD and INTER GROWTH INVESTMENTS LIMITED have closed the deal for the acquisition of 76,436,210 ordinary shares in KHARKIVOBLENERGO JSC. Earlier, on 3 February, a deal was closed for the acquisition of 76,436,210 ordinary shares in KHARKIVENERGOZBUT. The share of SMART HOLDING (CYPRUS) LTD in the share capital of both companies is currently 29.7950%.

The share purchase and sale agreements for the shares in both companies were signed on 21 December 2020. The deals were approved by the Antimonopoly Committee of Ukraine.

Reference:

SMART HOLDING is one of the largest industrial and investment groups in Ukraine. The interests of the Group focus on the industries that are the key ones for the economy of the country. The enterprises of the Group invest in metals and mining, oil and gas segment, banking, agriculture, shipbuilding, real estate and energy sector’s assets. The SMART HOLDING’s strategy is aimed at efficient management of a diversified investment portfolio in order to increase its value in the long term.

SMART HOLDING (CYPRUS) LTD is the top holding company of the Group, which is established and operates under the laws of the Republic of Cyprus. Its beneficiary is Vadym Novynskyi.

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