Firtash’s DF group sells titanium business in Crimea to Russian company

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PJSC Ukrainian Chemical Products, part of the titanium business of the DF group owned by Dmytro Firtash, has sold all of its assets in Crimea to the Russian company Titan.

As the press service of the DF group informs it, Ukrainian chemicals have lost their economic appeal due to political circumstances and, therefore, having no control over them since 2016, the group has been looking for possibilities to sell them. .

“The terms of the agreement state that all movable and immovable property of the former Krymsky Titan factory becomes the property of the buyer. the statement reads.

In 2014, the Ukrainian PJSC Krymsky Titan was re-registered from the city of Armyansk to Kiev, and then the DF Group renamed it to Ukrainian Chemicals. The owner of the company is Ostchem Germany GmbH (Hamburg, Germany).

According to Ukrainian media, the deal is unrelated to restrictive measures imposed on Dmytro Firtash and the Valki Ilmenite group under its control by the National Security and Defense Council of Ukraine. The sale of the asset began long before the imposition of appropriate penalties.

Russian Titan LLC was established in July 2021 with a share capital of 10,000 RUB. It was founded by Sergey Romanenko – 50%, Roman Stepanov – 30% and Sergey Maksimov – 20%. The main activity of the company is the extraction and enrichment of titanium-magnesium raw materials.

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