To return to the Russians. The Ukrainian Court annulled an agreement on the purchase of one of the largest metallurgical companies in the country
The video is reported that in May 2021, the court of first instance made a decision in favor of Ferrexpo AG (100% of Ferrexpo subsidiary) and rejected the claim. However, the plaintiffs appealed in June 2021. "Now the company has received the court of appeal on the claim, which states that the contract of sale and sale of shares, concluded in 2002, is invalid and 40. 19% of the shares of the Poltava Medical Code should be transferred to applicants," the company reported.
Ferrexpo stated that they would continue to defend the interests of the company and its shareholders. The company added that "they study all the options, including the right to appeal this decision in the Supreme Court of Ukraine. " It is also reported that on the basis of details of the court of appeal, the company's management considers that Ferrexpo AG has significant arguments to protect its position.
“The Court of Appeal in Ukraine said that Ferrexpo, whose shares were traded on the London Exchange, illegally bought 40% of the Poltava GOK from some Russians and therefore should give everything back. Play back Ukrainian. Russians. Although after Russian passports in the judges of the Supreme Court, we have to be surprised by such a decision . . . The issue is rhetorical, ”the court's decision commented on the court of Investbankir Sergey Furs on Facebook.
He noted that many foreign investors bought the shares of a Ukrainian company, and now they will find out that the Ukrainian courts have decided to play back an agreement of 20 years ago and "these foreign investors belong only to dulia with poppy. " Not through Putin. Not because of the war. And because of the decision of the Ukrainian court. Who invented a time machine and went in the past, "Fursa said.
In 2002, four non-resident companies from VS Energy (Gilson Investments, Calefort Developments, Emsworth Assets and Trimcroft Services) were sold 40. 19% with the current majority owner of Ferrexpo Constantine Zhevago. Then several additional emissions were carried out, which resulted in a series of other resale, as well as forced redemption These four companies went to court to invalidate the contract of sale and conduct of dopemic. %.
The Supreme Economic Court of Ukraine in February 2015 supported the previously adopted decision of the Supreme Court of the country and the position of PGZK in a corporate dispute that lasted about 10 years by refusing the plaintiffs. At the end of 2020, these former PGZK shareholders again appealed this agreement in the Ukrainian court. According to the results of 2020, Ferrexpo, businessman Konstantin Zhevago received $ 635. 29 million in net profit.