Ukraine's Antonov Company regains 49% stake in Antonov Logistics Salis
MOSCOW. July 21 (Interfax) - Ukraine's Antonov state-owned company has again become the 100% owner of German company Antonov Logistics Salis, established to provide air cargo transport services under NATO countries' program, by securing the removal of Belgium-based Cargo Air Solutions from the list of stockholders.
The Belgian company used to own a 49% stake in Antonov Logistics Salis.
"Starting yesterday, our enterprise is the sole shareholder of German subsidiary Antonov Logistics Salis. From now on, all dividends from its operations will go to the accounts of Antonov Company. This process has been finalized," Ukrainian media quoted Antonov Company acting general director Yevgeny Gavrilov as saying in a statement circulated by the company's press service on Thursday.
The case of Antonov Company and Cargo Air Solutions was handled by German courts, including the Higher Regional Court of Dresden, where Antonov Company managed to prove that the minutes of a shareholders' meeting had been forged, and thus persuaded the court to remove Cargo Air Solutions from the list of shareholders, the press service said.
"We have corrected the mistake of the former management of Antonov Company, which permitted the shares' sale to an unknown company set up less than a month before the purchase of the stake. Media outlets wrote about this fact back in 2021. At its shareholders' meeting in June 2023, Antonov Company adopted a decision to excluded Cargo Air Solutions from the list of shareholders," Antonov Company's legal affairs and corporatization director Olga Abramova was quoted by the press release as saying.
The Belgian company tried to block this decision through courts, but failed, Abramova said.
The first contract under the NATO program was signed with Antonov Logistics Salis for three years in 2019, the company said. It was extended until the end of 2026 in June 2022.
Antonov Company makes emergency deliveries of cargo for NATO and EU countries in crisis situations. For these purposes, it can use two Antonov An-124-100 Ruslan aircraft, which must be on standby at Germany's Leipzig airport. The company can provide three more aircraft on additional call.
