International Investment Technologies LLC (Kyiv) is buying the notes payable of the enterprises of Interpipe Pipe and Wheel Company, according to announcements in the Holos Ukrainy parliamentary newspaper
This concerns public joint-stock company Interpipe Nyzhniodniprovsky Pipe Rolling Plant, Interpipe Novomoskovsk Pipe Plant, Dnipropetrovsk Vtormet, Interpipe Niko Tube LLC and Interpipe Steel.
International Investment Technologies said on its Web site that its operations only include the acquisition of debts of Interpipe. The Web site also contains a short report about the company without any details.
International Investment Technologies is a private company founded to provide all kind of aid and support to foreign investors in Ukraine, the Web site says.
International Investment Technologies was founded in February 2012 with a charter capital of UAH 2,000. Leonid Soroka heads the company.
The company told Interfax-Ukraine answering a question if the company is affiliated with Interpipe that International Investment Technologies has been operating on the debt liability market for a short period of time, although Interpipe’s managers know it well.
The company said that it buys debts of Interpipe in the interests of goods and services suppliers.
“These are isolated companies which cannot receive their funds from Interpipe,” the company said.
The press service added that the company was founded to realize various investment projects, but today the purchase of Interpipe’s debts is the main business project of the company.
Interpipe is an international vertically integrated pipe and wheel company, which is among the world’s ten largest producers of seamless pipes and is the third largest producer of all-rolled railway wheels in the world.
The company includes five industrial assets: Interpipe Nyzhniodniprovsky Pipe Rolling Plant, Interpipe Novomoskovsk Pipe Plant, Interpipe Niko Tube LLC, Dnipropetrovsk Vtormet and Interpipe Steel.
