Ukrainian businessman Oleksandr Yaroslavsky owns 28.4% of shares of PJSC Ukrtatnafta (Kremenchuk oil refinery) in Poltava region, he said in an interview to Forbes Ukraine.
“I’ve got a half [of the 56.8% shareholding in Ukrtatnafta, which was sold by the state in 2009-2010],” he said.
He also added that the second half of the said shareholding belongs to Dnipropetrovsk-based Privat Group’s structures.
As was reported, Korsan LLC (Dnipropetrovsk) with 47.074%, Viloris LLC (Dnipropetrovsk) with 8.61%, and NJSC Naftogaz Ukrainy with 43.05% are registered as Ukrtatnafta’s shareholders.
PJSC Ukrtatnafta is disputable asset for Ukraine and Tatarstan. Ukrtatnafta was founded on orders from the presidents of Ukraine and Tatarstan in 1994 on the basis of Kremenchuk oil refinery in Poltava region. Companies close to OAO Tatneft previously held 18.296% of shares in Ukrtatnafta, Tatarstan’s Property Ministry owned 28.7788%, and Tatneft owned 8.6% directly.
Following litigation, the stake of the Tatar shareholders was reduced to virtually zero, and the refiner acquired new shareholders close to Privat Group.
Tatneft filed a $520 million lawsuit against Ukraine in international arbitration court in 2007. The claim was later increased to $2.4 billion.
