Prominent Ukrainian business figure Oleksandr Yaroslavsky signed a purchase agreement with Evraz 1 March to buy the Petrovsky Dnipropetrovsk Metallurgical Plant. The agreement involves the purchase of a 100% stake in Drampisco Limited, which in turn owns 97.73% of Evraz Dniprovskiy Metallurgical Plant. Evras confirmed the transaction via an announcement on the group’s official website.
The press service of Yaroslavsky’s DCH Group outlined the thinking behind this latest acquisition. "DCH is traditionally interested in the development of Ukrainian industry and has the requisite experience of successfully implementing similar projects. In addition, the Petrovsky plant is particularly interesting to us from the point of view of industrial integration with our other enterprises."
This is the latest in a series of recent acquisitions by Yaroslavsky’s DCH Group as it replenishes its industrial assets. In 2016, the Group acquired the iconic Kharkiv Tractor Factory, while in 2017 it purchased Sukha Balka mine in Kryvih Rih.
Yaroslavsky’s investments in the Kharkiv region alone exceed USD 1 billion, including over USD 300 million to help finance Kharkiv’s preparations as one of the host cities of UEFA’s Euro 2012 football championship. He features among the top 10 wealthiest Ukrainian business people in the current version of the annual Forbes rich list.
The Petrovsky Dnipropetrovsk Metallurgical Plant is located in Dnipro in central Ukraine. It is one of the region’s leading producers of pig iron, steel and rolled products. The plant delivers to 44 countries globally and employs 6000 people. In 2016, it produced 1.068 million tons of pig iron, 1.057 million tons of steel, and 889,000 tons of rolled metal.