Ukraine is currently debating grain quotas and the jury is still out on the country’s new president but the energy sector is making waves.
Poland’s richest man, billionaire Jan Kulczyk, who bought into Ukraine’s natural gas production in June, has already started drilling. Kulczyk Oil Ventures launched the M-19 well at the Makiivka gas deposit in Donetsk region.
Earlier [...]
Tag Archives: Ukraine
Ukraine’s Gas Wells and Windmills
Aug 25 2010 – 9:33 am
Ukraine Econ Upturn As its Billionaires Start to Raise Cash
Jul 22 2010 – 10:23 am
Ukraine’s youngest billionaire, Kostyantin Zhevago, who almost lost his iron ore producer, Ferrexpo, when markets crashed two years ago, is back raising cash. According to Millenium Capital, Ferrexpo completed its road-show July 16 planning to place Eurobonds worth $500 million. The company plans to ramp up production by 50% over the next five years, and has [...]
Ukrainian billionaires behind Privat Group Take on Russian Billionaire Makhmudov
Jul 08 2010 – 9:25 am
Ukrainian billionaires, Henadiy Boholyubov and Ihor Kolomoyskyy, via Mantara Holding, a company close to the their jointly-owned Privat Group, may be in for a fight over Ukrainian locomotive-maker, Luhanskteplovoz, with Russian billionaire, Iskander Makhmudov.
Mantara Holding filed a lawsuit with the State Property Fund of Ukraine (SPF) to cancel the sale of Luhanskteplovoz to Transmashholding, Russia’s largest maker [...]
Ukrainian Billionaire Akhmetov Tries For Another Steel Mill
Jun 17 2010 – 11:12 am
After recently losing Ukraine’s fourth largest steelmaker, Zaporizhstal, to an unnamed group of Russian investors, Rinat Akhmetov, Ukraine’s wealthiest (with a fortune estimate by Forbes at $5.2 billion) is at it again.
Akhmetov’s Metinvest, Ukraine’s largest vertically integrated steel group, is negotiating a merger with Mariupol Ilyich Steelworks, the country’s largest flat rolled steel producer.
According to a note from financial [...]
Polish billionaire buys Ukrainian gas firm in middle of Naftogaz debate
Jun 15 2010 – 8:19 am
Polish richest man, billionaire Jan Kulczyk, whose fortune was estimated by Forbes to be $2.1 billion in March, is increasing his energy investments in Ukraine.
His Kulczyk Oil Ventures, through its subsidiary, Loon Ukraine Holding, bought a 70% stake in of one of Ukraine’s largest private producers of natural gas, KUB-Gas, for $45 million; the deal [...]
Ukraine’s Richest Loses Deal for Coveted Steel Mill
Jun 02 2010 – 1:01 pm
Rinat Akhmetov, Ukraine’s wealthiest man with an estimated $5.2 billion steel and coal fortune according to Forbes, lost his bid for Ukraine’s fourth largest steelmaker, Zaporizhstal, in a surprise twist according to reports from Ukraine.
This week a group of undisclosed Russian investors took control of Zaporizhstal for a reported UAH 1.7 billion (about $220 million) [...]
Ukrainian Billionaires Bilking Investors on Energy Asset?
May 20 2010 – 6:40 am
Ukrainian billionaires Henadiy Boholyubov and Ihor Kolomoyskyy are involved in a lawsuit recently brought by Austrian Raiffeisen Zentralbank Osterreich AG against Ukraine’s largest oil company Ukrnafta for nonpayment of dividends. Boholyubov and Kolomoyskyy through their Privat holdings control a 42% stake in the energy company, but according to one analyst “effectively control the oil company [...]
Spring and the Business of Green
Apr 07 2010 – 1:09 pm
Consecutive 70 degree days in NYC and I finally feel Spring is really here!
April’s theme at Global Markets is the Business of Green. We have some interesting guest writers to come, and I will be looking at what green means in Central and Eastern Europe. A friend of mine in Romania who is planning to [...]
Swan Day: Celebrating Women Artists (Virlana Tkacz) and Women Who Support the Arts (Ann Ziff)
Mar 29 2010 – 2:15 am
This past Saturday was something called Swan Day which is a celebration of women artists. The long term goal of Swan Day is “to inspire communities around the world to find new ways to recognize and support women artists as a basic element of civic planning.” I am doing my part by lauding the efforts of [...]
Only 2 Women Billionaires in Eastern Europe, Russia and rest of CIS
Mar 15 2010 – 6:58 am
Where are all the women? We’re Half the Sky as but we’re always underrepresented as Catalyst reasearch points out (see my previous post titled International Women’s Day). The same is true for Eastern Europe, Russia and the rest of the CIS where only 2 women reached Forbes billionaire ranks out of some 40 or so [...]