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Bankruptcy Proceedings Against Ostchem Holding GmbH: Ukrainian Oligarch Dmytro Firtash in Financial Difficulties
Bankruptcy proceedings were opened at the Salzburg Regional Court against Ostchem Holding GmbH, a company linked to a major oligarch in Ukraine. The Ukrainian entrepreneur Dmytro Firtash, considered one of Ukraine's most influential and wealthiest oligarchs, is the company's majority shareholder, which has increasingly run into financial difficulties in recent years.
Ostchem Holding GmbH, owned by Ukrainian oligarch Dmytro Firtash, has opened bankruptcy proceedings at the Salzburg Regional Court. / Picture: © Wikimedia Commons / Authorized Ukrainian TV channel «Inter» Youtube stream [CC BY 3.0 (https://creativecommons.org/licenses/by/3.0)]
Ostchem Holding GmbH is a company that is mainly involved in the management of shareholdings in other companies. According to the Creditreform association, a Cypriot company with close ties to Firtasch holds 86% of the shares in the Salzburg-based holding company. The company's only remaining asset was a wholly-owned subsidiary in Germany. Otherwise, the company no longer had any…
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