The Antimonopoly Committee of Ukraine (AMCU) has permitted the Dragon Capital investment company to acquire over 50% of the shares of Treeum Holdings Limited, the owner of the Finance.ua and Minfin.com.ua publications, as well as Finline, Bank Online and Multi.ua.
“Permission is granted to Dragon Capital Investments Limited (Nicosia, Cyprus) to acquire shares of Treeum Holdings Limited (Larnaca, Cyprus), which grants that 50% of the votes in the company’s management body are exceeded,” the committee said on its website on Monday.
According to the information on the holding’s website, Treeum is a Ukrainian online platform that compares and sells financial products, supports an online currency exchange platform, reliable ratings and statistics, as well as news, comments and professional analytics.
The revenue of Finance.ua in 2019 amounted to about UAH 17.8 million, net profit – about UAH 0.5 million, that of Minfinmedia – UAH 36.9 million and almost UAH 1 million, respectively, Banking Class – UAH 10.9 million and UAH 0.1 million.
Multi.ua and Finline last year saw revenues of UAH 6.6 million and UAH 1.3 million, respectively, and a net loss of UAH 0.7 million and UAH 2.3 million.
According to the public register, Ksenia Vaisman, a Russian citizen living near Kyiv, is indicated as the beneficiary of Treeum Holdings Limited.
This year, USAID Financial Sector Transformation Project (FST) financed the launch of the LIGA.Money platform by LigaBusinessInform Investment Agency. According to the agency, NV and Finclub also participated in the competition, while the companies of Treeum Holdings were not admitted to it.
Dragon Capital is one of the largest investment companies in Ukraine. It works in the field of direct investment and financial services, provides a full range of investment banking and brokerage services to corporate and private clients. The ultimate beneficiary of Dragon Capital in the public register is a Czech citizen, President of the European Business Association Tomas Fiala.
Fiala is the owner of the NV media holding, which includes the eponymous magazine, portal and radio.
The Antimonopoly Committee of Ukraine (AMCU) at a meeting on Monday allowed a nonresident individual to acquire over 50% of the shares of BTA Bank (Kyiv).
“Permission is granted to an individual – a citizen of the Republic of Belarus to purchase shares of JSC BTA Bank, which grants that 50% of the votes in the management body of the company are exceeded,” the committee said on its website on Monday.
BTA Bank was founded in 1992. According to the National Bank of Ukraine (NBU), at the beginning of 2020, Kenes Rakishev was a shareholder of the bank, who indirectly owned 100% of the bank’s charter capital.
According to the NBU, as of October 1, 2020, BTA Bank ranked 71st in terms of assets (UAH 385.612 million) among 74 operating banks.
The Antimonopoly Committee of Ukraine has permitted ADM International Sarl, Bunge S.A., Cargill International S.A., Louis Dreyfus Company Suisse S.A. (all based in Switzerland) and Glencore Agriculture B.V. (the Netherlands) to create TechCo (Switzerland).
According to a Monday posting on the committee’s website, the creation of the company is aimed at uniting and transforming the process of the process of performing post-sales operations for the sale of agricultural products by gradually moving from manual document management to automatic through digitization.
“Given that the platform will be used only for the stage of performing after-sales operations at the international level by sea, outside Ukraine, the planned creation will not affect the level of competition in any Ukrainian market,” the committee said.
