The Brickstone Private Equity Fund CEIC Ltd., an investment fund from Kazakhstan, has officially become the owner of 100% of the Ukrainian construction company Watzenrode. Established in 2013, Watzenrode not only maintains its growth momentum but also demonstrates confident financial growth even during the war.
This is reported by Business • Media
Watzenrode Receives Strong Financial Support
Following the completion of the deal, the new investor, closely linked to the largest construction group in Central Asia, has provided the company with an unprecedented level of funding. This allows Watzenrode to position itself as a key player in the reconstruction process of Ukraine, gaining significant financial and organizational advantages.
“With the change in leadership, Watzenrode has effectively become the construction company with the strongest financial backing in Ukraine. This creates conditions that direct Watzenrode to become a central player in the reconstruction of Ukraine.”
Main Projects and Financial Results of the Company
Watzenrode specializes in design, construction, and engineering. Among the company’s most important projects are its participation in the construction of the confinement structure at the Chernobyl Nuclear Power Plant as a subcontractor, the implementation of a joint project with NEFCO for the renovation of the water supply system in Borodyanka, and serving as the general contractor for the expansion of the UNBROKEN Ukraine clinic in Bryukhovychi near Lviv, scheduled for completion by the end of 2024.
By the end of 2024, Watzenrode reported a revenue of nearly ₴369.275 million, which is 130% higher than the previous year’s result. The company’s net profit also increased by 29%, amounting to ₴13.8 million.