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NEQSOL Holding comment on the intention to become a shareholder in major Ukrainian cement producer, Ivano-Frankivskcement PJSC

18/ 10/ 2021
  As an international strategic investor, NEQSOL Holding has announced its interest in expanding investment portfolio in Ukraine by entering the construction materials market. On 18th October the Holding filed an application to the Antimonopoly Committee of Ukraine (AMCU) for the purchase of an equity stake in Ivano-Frankivskcement PJSC. According to NEQSOL Holding, they are at the final stage of negotiations with the current shareholders of Ivano-Frankivskcement PJSC. The Ukrainian deal is expected to be financed by a group of leading international financial institutions. The construction industry is one of the investment priorities for the Holding, which already owns Norm Cement, a plant brought into operation in 2013, which is now the largest cement producer in the South Caucasus. Supported by a strong international management team, NEQSOL Holding pursues a strategy of creating a leading player in the cement industry in Central and Eastern Europe. Volodymyr Lavrenchuk, Country Manager at NEQSOL Holding Ukraine, said: “We are hopeful for an approval of the new deal at AMCU, so that we can welcome the high-tech enterprise Ivano-Frankivskсement into the NEQSOL Holding group of companies. We recognize the long-time outstanding results achieved by Ivano-Frankivskсement management team and staff, who have created one of the most state-of-the-art cement plants in Europe. Our group of companies has successful experience in financing, including engagement of international financial institutions, which will help to secure the required investments for maintaining a high rate of growth of the cement plant.” NEQSOL Holding emphasizes that in case of a successful deal, inclusion of the new shareholder will not affect day-to-day operations of Ivano-Frankivskcement, which will continue fulfilling all its obligations towards employees, customers and partners, and will remain the backbone of the region’s economy and an example of cutting-edge industrial site in Ukraine. In 2019, NEQSOL Holding has made the acquisition of one of the country’s largest telecommunications providers, Vodafone Ukraine. Since the launch of the Holding’s regional Kyiv office in early 2021, the group has been focused on finding new investment opportunities in the Ukrainian market. About NEQSOL Holding NEQSOL Holding is a diversified group of companies operating across the energy, telecommunications, hi-tech, and construction industries in the UK, the USA, Turkey, Azerbaijan, Ukraine, Georgia, the UAE and more. The Holding brings together over 30 subsidiary companies, many of which are market leaders with over two decades’ experience in their respective fields. They include Nobel Oil Services, Nobel Upstream, Bakcell, Vodafone Ukraine, and Norm, the largest cement producer in the South Caucasus. NEQSOL Holding continuously seeks to drive growth and strengthen synergies between the companies, whilst also looking to expand its business activities by entering both new geographies and business areas. This will be achieved with projects such as the Digital Silk Way, which aims to develop the shortest modern transit fibre-optic infrastructure network connecting Europe to Central and South Asia. For more information visit neqsolholding.com. Media contacts Yevgeniya Denysyeva, Strategic Communications Director, NEQSOL Holding edenysyeva@neqsolholding.com +38 050 419 50 22

As an international strategic investor, NEQSOL Holding has announced its interest in expanding investment portfolio in Ukraine by entering the construction materials market. On 18th October the Holding filed an application to the Antimonopoly Committee of Ukraine (AMCU) for the purchase of an equity stake in Ivano-Frankivskcement PJSC.

According to NEQSOL Holding, they are at the final stage of negotiations with the current shareholders of Ivano-Frankivskcement PJSC. The Ukrainian deal is expected to be financed by a group of leading international financial institutions.

The construction industry is one of the investment priorities for the Holding, which already owns Norm Cement, a plant brought into operation in 2013, which is now the largest cement producer in the South Caucasus. Supported by a strong international management team, NEQSOL Holding pursues a strategy of creating a leading player in the cement industry in Central and Eastern Europe.

Volodymyr Lavrenchuk, Country Manager at NEQSOL Holding Ukraine, said: “We are hopeful for an approval of the new deal at AMCU, so that we can welcome the high-tech enterprise Ivano-Frankivskсement into the NEQSOL Holding group of companies. We recognize the long-time outstanding results achieved by Ivano-Frankivskсement management team and staff, who have created one of the most state-of-the-art cement plants in Europe. Our group of companies has successful experience in financing, including engagement of international financial institutions, which will help to secure the required investments for maintaining a high rate of growth of the cement plant.”

NEQSOL Holding emphasizes that in case of a successful deal, inclusion of the new shareholder will not affect day-to-day operations of Ivano-Frankivskcement, which will continue fulfilling all its obligations towards employees, customers and partners, and will remain the backbone of the region’s economy and an example of cutting-edge industrial site in Ukraine.

In 2019, NEQSOL Holding has made the acquisition of one of the country’s largest telecommunications providers, Vodafone Ukraine. Since the launch of the Holding’s regional Kyiv office in early 2021, the group has been focused on finding new investment opportunities in the Ukrainian market.

About NEQSOL Holding

NEQSOL Holding is a diversified group of companies operating across the energy, telecommunications, hi-tech, and construction industries in the UK, the USA, Turkey, Azerbaijan, Ukraine, Georgia, the UAE and more. The Holding brings together over 30 subsidiary companies, many of which are market leaders with over two decades’ experience in their respective fields.

They include Nobel Oil Services, Nobel Upstream, Bakcell, Vodafone Ukraine, and Norm, the largest cement producer in the South Caucasus. NEQSOL Holding continuously seeks to drive growth and strengthen synergies between the companies, whilst also looking to expand its business activities by entering both new geographies and business areas. This will be achieved with projects such as the Digital Silk Way, which aims to develop the shortest modern transit fibre-optic infrastructure network connecting Europe to Central and South Asia.

For more information visit neqsolholding.com.

Media contacts

Yevgeniya Denysyeva,

Strategic Communications Director, NEQSOL Holding

edenysyeva@neqsolholding.com

+38 050 419 50 22

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