At its meeting on Thursday, the Antimonopoly Committee of Ukraine (AMCU) granted Polish company Grupa Maspex sp. z o.o. permission to acquire joint control over two companies, Karpatski Mineralni Vody, together with a Ukrainian citizen through a Cypriot company controlled by him, the agency’s press service reported.
“Permission has been granted to the companies GRUPA MASPEX SP. Z O.O. (Wadowice, Poland), DYNALUM FINANCE LTD. (Larnaca, Cyprus) and a natural person who is a citizen of Ukraine (information access is restricted) for concerted actions in the form of fulfilling the non-competition and non-solicitation obligations set forth in clause 11 of the draft shareholder agreement,” the statement said.
According to data from the Opendatabot system, Dinalum Finance Ltd. is one of the founders of Karpatski Mineralni Vody Trading House LLC, whose ultimate beneficial owner is Serhiy Ustenko (99.9%). Ustenko also owns Karpatski Mineralni Vody LLC, registered in the Lviv region.
Grupa Maspex sp. z o.o is a food concern (Vadovice, Poland). It is one of the largest food producers in Central and Eastern Europe. It owns the trademarks Tymbark (juice), Lubella (pasta), Łowicz (jams, sauces, etc.), Żubrówka, Soplica, Absolwent, and Bols (alcohol), etc.
According to the Karpatskie Wody Mineralne website, the company started operating in the mineral water market in 1996 with the first bottling of Karpatskie Dzerelna natural mineral table water. In June 2002, it was reorganized into the Carpathian Mineral Waters plant for the production of mineral water and non-alcoholic beverages. At the same time, the company began producing sweet carbonated beverages under the Fruktova
Dzherelna and Sokovinka brands, and in 2016, the Dragon energy drink.
In 2025, Karpatski Mineralni Vody began construction of a plant in the Zolochiv district of the Lviv region. The European Bank for Reconstruction and Development (EBRD) provided Karpatski Mineralni Vody with a EUR11 million loan to finance this construction. The total cost of the project is EUR24 million.
Grupa Maspex, Карпатські мінеральні води
