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01.03.2018DCH Group Acquires the Largest Iron and Steel Works

SENALIOR INVESTMENTS LIMITED Company, part of Oleksandr Yaroslavsky’s DCH Group, has acquired EVRAZ DMZ (“EVRAZ Dnipro Iron and Steel Works” plc). The corresponding contract has been signed on March 1, 2018.

The deal was conducted by transferring to the buyer of the 100% stake in DRAMPISCO LIMITED which, in its turn, owns 97,73% of EVRAZ DMZ plc.

It is worth mentioning that DCH Group has been traditionally interested in developing Ukrainian industry and can boast experience in successful undertaking of similar projects. Besides, the Group is interested in DMZ in terms of its industrial integration with other enterprises.

We would like to remind you that Oleksandr Yaroslavsky’s company acquired Sukha Balka Iron Mine located in the city of Kryvyi Rih, Dnipropetrovsk Region, from the EVRAZ Holding in 2017. A year before, a large machine-building asset of the legendary Kharkiv Tractor Plant had become part of the DCH structure.

Dnipro Iron and Steel Works (DMZ), also known as Dnipropetrovsk Iron and Steel Works named after Petrovskyi, or “Petrovka”, was put into operation towards the end of the 19th century; today, it is one of the oldest enterprises of the national iron and steel industry. Currently, it is the leader in producing cast iron, rolled iron and steel in Ukraine exporting its production to the markets of over 50 countries globally. In 2017 the enterprise smelted 918,000 tons of steel and 1,019,000 tons of cast iron as well as produced 785,00 tons of rolled iron.

The deal of DMZ acquisition has replenished the general investment portfolio of industrial assets belonging to Oleksandr Yaroslavsky’s DCH Group. The sum total of the businessman’s investment in varied profiles projects is known to have exceeded $ 1 billion in Kharkiv Region only (including $ 300,000 in the social project of preparing Kharkiv for Euro-2012). Oleksandr Yaroslavsky is among TOP-10 Ukrainian businessmen according to Forbes Ukraine.

 

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