Rinat Akhmetov’s SCM investment group has agreed to sell its stake in the agricultural holding company HarvEast to the Cypriot firm Parallel Nafta Limited, an entity linked to Oleksandr Dubinin, owner of the Parallel gas station chain. The Antimonopoly Committee of Ukraine has authorized the acquiring company to take control of the structures that hold a 75.1% stake in HarvEast.
Upon completion of the deal, Dubinin will hold a controlling interest in the agricultural holding. According to HarvEast CEO Dmytro Skornyakov, there are no plans to replace the current management team.
SCM has stated that the change in ownership will not affect the company’s ongoing operations or its obligations toward partners, land share holders, and lessors. The transaction is expected to be finalized sometime in 2027.
