SENALIOR INVESTMENTS LIMITED, a member of Aleksandr Yaroslavskyi's DCH group, has acquired EVRAZ DMZ (Private Joint Stock Company ‘Evraz Dniprovskyi Metallurgical Plant’). The contract was signed on March 1st, 2018.
The deal took place by transferring 100% of the shares of DRAMPISCO LIMITED, owning 97.73% of the shares of PrJSC ‘Evraz DMZ’ to the buyer.
It should be pointed out that the DCH group is traditionally interested in the development of Ukrainian industry and has got experience in the successful implementation of such projects. Also, DMZ is interesting for the group from the point of view of industrial integration with other enterprises.
Looking back, in 2017 the company of Aleksandr Yaroslavskyi had already acquired ‘Sukha Balka’ mine in Kryvyi Rig, Dnipropetrovsk region, from the EVRAZ holding. A year earlier, the legendary Kharkiv Tractor Plant, a large machine-building asset, had entered the DCH structure.
Dnipropetrovsk Metallurgical Plant (DMZ), also known as Dnipropetrovsk Metallurgical Plant named after Petrivsky or ‘Petrivka’. It began its work at the end of the 19th century and is one of the oldest enterprises in the domestic metallurgy. Currently, it is a leading producer of cast iron, steel, and rolled products in Ukraine, exporting its products to the markets of almost 50 countries around the world. In 2017, the company smelted 918 thousand tons of steel and 1,019 million tons of cast iron, as well as produced 785 thousand tons of rolled products.
The deal on the acquisition of DMZ added to the general investment portfolio of industrial assets of Aleksandr Yaroslavskyi’s DCH group. As it is known, the total amount of businessman’s investments in projects of various industries in Kharkiv region alone exceeded USD 1 billion (including USD 300 million in a social project of Kharkiv preparation to EURO 2012). Aleksandr Yaroslavskyi is included in the TOP-10 Ukrainian entrepreneurs, according to Forbes Ukraine.