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Momenal Management buys 78.6% in Saksky Building

The Cyprus-based company Momenal Management has acquired 78.63% in the Crimea, Ukraine-based Saksky Building Materials Plant, with anti-monopoly authorities issuing the permit. The plant, belonging to Vadim Novatsky's Smart-Holding, manufactures limestone, sand and face stone. In 2011, the plant gained UAH €448,089 in the net income. In spring 2012, Momenal Management also bought 95.05% in Yevpatoria Building Materials Plant from Smart-Holding. The holding company reported that the plant's ultimate owner w
August 7, 2012 Read time: 1 min

The Cyprus-based company Momenal Management has acquired 78.63% in the Crimea, Ukraine-based Saksky Building Materials Plant, with anti-monopoly authorities issuing the permit.

The plant, belonging to Vadim Novatsky's Smart-Holding, manufactures limestone, sand and face stone.

In 2011, the plant gained UAH €448,089 in the net income. In spring 2012, Momenal Management also bought 95.05% in Yevpatoria Building Materials Plant from Smart-Holding. The holding company reported that the plant's ultimate owner was not changed.

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