Ukrainian oligarchs Igor Kolomoisky and Viktor Pinchuk have reached an agreement under which the owner of PrivatBank has agreed to give Pinchuk a portion of the money currently locked up in their joint ferroalloy business, according to Ekonomicheskaya Pravda.
Moreover, the parties do not confirm even the fact of concluding such an agreement, let alone the amount.
It's important to note that Pinchuk demanded that Kolomoisky give him his stake. The case began on September 28 in the London Arbitration Court. The disputed ferroalloy holding company includes the Nikopol, Zaporizhzhia, and Stakhanov Ferroalloy Plants, as well as the Marganets and Ordzhonikidze Mining and Processing Plants in the Dnipropetrovsk region.
According to unofficial information, if Pinchuk gets his way, he will become the owner of approximately half of the requested amount, which, judging by the payments, amounts to “only” $1,1 billion.
Currently, Kolomoisky owns 50% of the ferroalloy business, while Pinchuk holds a blocking stake. The other stake is held by the Slovak side. It appears that Pinchuk, who is the son-in-law of former President Leonid Kuchma, has not received any money from the business for a long time and has therefore decided to seek justice in the UK, as previous attempts to resolve the Kolomoisky case have proven unsuccessful.
It is also worth noting that he was the main contender for the ferroalloy business and controlled the world's largest ferroalloy plant, the Nikopol Ferroalloy Plant, although 70% of the shares were held by the state.
SKELET-info
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