Fifty of Ukraine’s largest private companies have invested a total of UAH 224 billion (approx. USD 5.4 billion) into their development since the start of Russia’s full-scale invasion. The top three investors are DTEK, Metinvest, and MHP.
Ukrainian businesses have significantly increased internal reinvestment since the beginning of the war.
DTEK leads the ranking with capital investments of UAH 41.2 billion (approx. USD 99.3 million), followed by Metinvest Holding with UAH 28.1 billion (USD 67.7 million), and MHP with UAH 14.8 billion (USD 35.7 million). Ferrexpo also made significant contributions, investing over UAH 13 billion (USD 31.3 million).
TOP-50 largest investors in Ukraine
№ |
Company name |
Branch of economy |
The volume of investments, mln US |
1 |
DTEK |
Energy |
99,3 |
2 |
METINVEST HOLDING |
Metallurgy |
67,7 |
3 |
MHP |
Agro |
35,7 |
4 |
EPICENTER |
Retail |
34,2 |
5 |
KYIVSTAR |
Telecom |
32,3 |
6 |
FERREXPO |
Metallurgy |
31,3 |
7 |
VODAFONE |
Telecom |
25,1 |
8 |
KERNEL |
Agro |
25,1 |
9 |
NOVA GROUP OF COMPANIES |
Logistics |
21,7 |
10 |
ARSELORMITTAL KRYVY RIGH |
Metallurgy |
16,6 |
11 |
ONUR GROUP UKRAINE |
Infrastructure |
15,2 |
12 |
OKKO GROUP |
Fuel retail |
11,8 |
13 |
AUTOSTRADA |
Infrastructure |
9,2 |
14 |
BGV GROUP MANAGEMENT |
Industry |
8,4 |
15 |
PUMB |
Finances |
8,0 |
16 |
RAIFFEISEN BANK |
Finances |
8,0 |
17 |
EVA |
Retail |
7,0 |
18 |
ASTARTA-KYIV |
Agro |
7,0 |
19 |
INTERPIPE |
Industry |
6,5 |
20 |
BAYER |
Farming industry |
6,0 |
21 |
UKRSIBBANK |
Finances |
6,0 |
22 |
CARLSBERG |
FMCG |
5,5 |
23 |
AURORA |
Retail |
5,5 |
24 |
DATA GROUP |
Telecom |
4,6 |
25 |
JTI |
FMCG |
4,6 |
26 |
OSTCHEM |
Industry |
4,6 |
27 |
AGROPROSPERIS |
Arpo |
4,3 |
28 |
ROZETKA |
Retail |
3,9 |
29 |
NESTLE |
FMCG |
3,9 |
ЗО |
UKRTELECOM |
Telecom |
3,9 |
31 |
KREDOBANK |
Finances |
3,6 |
32 |
NOVUS |
Retail |
3,4 |
33 |
RETAIL GROUP |
Retail |
3,1 |
34 |
FARMAK |
Farming industry |
2,9 |
35 |
VARUS |
Retail |
2,7 |
36 |
PHILIP MORRIS' |
FMCG |
2,2 |
37 |
YURIA-PHARM |
Farming industry |
2,0 |
38 |
LEMTRANS |
Logistics |
1,8 |
39 |
BAT |
FMCG |
1,5 |
40 |
SEE |
Car sales |
1,3 |
41 |
ACINO UKRAINE |
Farming industry |
1,2 |
42 |
HIGHWAY - SOUTH |
Infrastructure |
1,2 |
43 |
JYSK UKRAINE |
Retail |
1,1 |
44 |
COMFY |
Retail |
0,0 |
45 |
COCA-COLA BEVERAGES UKRAINE |
FMCG |
1,0 |
46 |
RDS |
Infrastructure |
1,0 |
47 |
IMPERIAL TOBACCO |
FMCG |
0,8 |
48 |
FOXTROT |
Retail |
0,7 |
49 |
MILK ALLIANCE |
FMCG |
0,6 |
50 |
TASKOMBANK |
Finances |
0,5 |
51 |
Auchan |
Retail |
0,5 |
In order to rank the largest private investors, NV sent requests to more than 160 large companies operating on the Ukrainian market, asking them to announce the amount of capital investment in Ukrainian assets and the amount of transactions for the purchase of assets in Ukraine (if any) over the past two and a half years . Based on the received data, a rating of the TOP-50 largest companies, ranked by the size of investments in hryvnias, was compiled. Data from state-owned companies and those private businesses whose owners have been indicted in Ukraine were not taken into account.