Two Hong Kong offshore firms to buy 49.9% of Donetskoblgaz from two Luxembourg companies

Endless Moonlight Limited and Trading Field Limited (both based in Hong Kong) has announced their intention to purchase 24.95% of shares in PJSC Donetskoblgaz from Luxembourg's Grandgas S.a.r.l. and Gascity S.a.r.l.

This is stated in the reports of companies in the press.

These two Luxembourg companies own 49.9% of the shares, another 38.28% of Donetskoblgaz belong to Naftogaz Ukrainy.

Donetskoblgaz in 2016 saw net loss fall by 7.7 times compared to 2015, to UAH 53.719 million, its net income rose by 57.4%, to UAH 2.37 billion.