Home Business More than 70% of Datagroup is now owned by Horizon Capital company

More than 70% of Datagroup is now owned by Horizon Capital company

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This investment fund became the majority owner of the Ukrainian telecommunication operator.

American investment fund Horizon Capital announced that now they own more than 70 % shares of Datagroup telecommunication operator. The amount of the agreement was not disclosed. This was stated in the company’s official release.

As a reminder, in August 2016 the AMCU allowed to purchase more than 50 % shares of Datagroup Holding Limited which owns Datagroup telecommunication operator to the Cypriot company Lorimer Ventures Limited, this company is one of Horizon Capital investment fund structures.

Elena Kosharnaia, the CEO of Horizon Capital, noted:

“Additional investments from Horizon together with the appointment of Michael Shelemba, a former senior manager in McKinsey, as the Chief Executive Officer mean the beginning of a new stage in Datagroup’s history”.

Upon the transaction completion Horizon Capital will become the majority owner of Datagroup. As a reminder, in 2010 this investment fund purchased 30 % of Datagroup telecommunication operator shares and became its minority shareholder.

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