Business news from Ukraine

Antimonopoly Committee fined Ukrstallpostach and Ukrainian Tube Works for 116 million UAH

28 December , 2022  

The temporary administrative board of the Antimonopoly Committee of Ukraine (AMCU) decided to impose a fine on LLC “Ukrstalpostach” and LLC “Ukrainian Pipe Plant” for collusion in their participation in public procurement.

According to a press release on Tuesday, the case involves eight procurement procedures that were announced by different customers.

“When considering the case, the circumstances were established, which in their totality indicate the commission by the defendants of anti-competitive concerted actions to eliminate competition between them when participating in the tenders. There were irrefutable facts that indicate coordinated behavior of the companies in the preparation and participation in the bidding, communication between them and exchange of information,” – stated in a press release.

According to the AMCU, such concerted actions of public procurement is a violation (Clause 4 Part 2 Article 6, Clause 1 Article 50 of the Law on Protection of Economic Competition).

For collusion LLC “Ukrstallpostach” and LLC “Ukrainian Tube Works” have been fined by the Committee in the total amount of UAH 103,256 million. In particular, “Ukrstallpostach” LLC was fined in the amount of 94,890 million UAH, “Ukrainian Pipe Works” LLC – 8, 366 million UAH.