Business news from Ukraine

AMC ALLOWS BUSINESSMAN VEREVSKY’S COMPANY TO BUY OIL EXTRACTION PLANT’S EQUIPMENT

17 January , 2017  

KYIV. Jan 17 (Interfax-Ukraine) – The Antimonopoly Committee of Ukraine (AMC) has allowed Prydniprovsky oil extraction plant (Kropyvnytsky) to gain control over the oil extraction plant by purchasing production equipment from PJSC Zinkiv-Agrotrans (Poltava region).

According to the unified state register of legal entities and individuals, the owner of Prydniprovsky oil extraction plant is Andriy Verevsky, the founder and co-owner of Kernel, one of the largest Ukrainian agricultural groups. The owner of PJSC Zinkiv-Agrotrans is the State Property Fund.

According to data from the information disclosure system of the National Commission on Securities and the Stock Market, the value of Zinkiv-Agrotrans’ fixed assets as of the end of 2015 was UAH 600,000, the net loss in 2015 increased by 2.3 times, to UAH 450,000, net sales income decreased by four times, to UAH 320,000.