GLOBAL GIANT EYES UKRAINE INVESTMENTS

President Poroshenko in Davos talks with Yaroslavsky and Glencore’s Glasenberg

Glencore and DCH confirm plans to join forces in upcoming Turboatom privatization tender

Business Ukraine magazine
Thursday, 19 January 2017 22:26

Ukrainian President Petro Poroshenko met with Glencore CEO Ivan Glasenberg and DCH Group owner Oleksandr Yaroslavsky at the World Economic Forum in Davos on 18 January to explore international investment opportunities in Ukraine including in the strategically important agriculture sector.

Swiss-based Glencore is one of the world’s largest commodity trading and mining companies. During his meeting with the Ukrainian President, Mr. Glasenberg confirmed the company’s interest in expanding its Ukraine presence, including plans to participate together with Oleksandr Yaroslavsky’s DCH Group in the upcoming Turboatom privatization tender. Also on the agenda were plans to scale up Glencore’s involvement in the Ukrainian agriculture sector, which is widely seen as the most attractive segment of the Ukrainian economy among international investors.

Officials confirmed that the talks also included an overview of the recent reboot of the iconic Kharkiv Tractor Factory by Oleksandr Yaroslavsky with support from President Poroshenko. Production at the plant began on 6 January following a UAH 400 million investment from Mr. Yaroslavsky, creating more than 3,000 jobs and providing the Kharkiv economy with a significant boost.

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