While approving the Group’s further business development strategy, DCH resolved to withdraw from projects that develop gambling.
Oleksiy Bolkhovitinov, the Chief Strategy Officer of DCH, comments: “In the service sector, we decided to focus on fintech projects, e-commerce, and insurance. We intend to invest about 5 billion hryvnias in these areas over the next three years. The gambling market today is virtually off-limits to new players. We will proceed in the areas where we see potential. For example, the coupling of marketplaces and online banking provides convenient integration of payments, increases conversion thanks to buy now, pay later (BNPL) solutions, opens up access to financing for vendors, enables personalization of offers through financial data analysis, and also facilitates access to global markets, bypassing the limitations of traditional banking. Besides, e-commerce platforms can become financial services themselves, offering insurance, cashback cards or microloans, which creates new sources of income and cements customer loyalty.”
The Group has previously commented on obtaining permission from the Antimonopoly Committee of Ukraine to acquire control over NATION DIGITAL ENTERTAINMENT LLC.
This AMCU permission to acquire the said legal entity was obtained under a standard legal procedure as part of a preliminary review of potential investments.
Like many other projects, we decided not to implement this one following such an assessment, focusing instead on those areas where we see strategic synergy with our current investments and values.
For your information
DCH Investment Management is a financial industrial group of companies that manages investments in ore mining and metallurgy, machine building, real estate, insurance, banking, and the hospitality industry. It has accumulated extensive experience in effective investment in Ukraine.
