Large Ukrainian companies are actively expanding their investment portfolios. The mining and metallurgical group “Metinvest” plans to acquire the pipe plant Tubular Products Iasi S.A. (AMTP Iasi) in Romania, which belongs to the international corporation ArcelorMittal. The European Commission has already preliminarily approved this deal, considering the issue of asset concentration. The AMTP Iasi plant specializes in the production of small welded pipes made of carbon steel.
This is reported by Business • Media
Strategic Steps in the Energy Sector
At the same time, the mobile operator “Kyivstar” is preparing for its first investment in the renewable energy sector. The company intends to acquire Sunvin 11 — a firm owned by the Cypriot Merestone Limited that manages a solar power plant in the Zhytomyr region with a capacity of 12.95 MW. Over the past year, Sunvin 11’s revenue amounted to 81.8 million hryvnias, and the value of the solar power plant could reach around 5 million US dollars.
Investment Strategy and Expansion
“Kyivstar” invested ₴10 million last year in pilot solar power plants in the Odesa and Zhytomyr regions. Own or contracted generation helps telecom operators reduce the risks of blackouts and energy costs. For “Kyivstar”, this deal could serve as an entry into the energy sector with further expansion.
The parent company of “Kyivstar” — Veon — has repeatedly stated its readiness for capital investments in Ukraine, particularly in the energy sector. Own or contracted generating capacities allow telecommunications companies to mitigate the risks of power outages and optimize energy expenses. The new deal for “Kyivstar” could mark the beginning of a larger entry into the energy market and further development in this direction.