Business news from Ukraine

Business news from Ukraine

AMCU Fined Importer of “HepaReal” Nearly 1 Mln UAH for False Advertising

The Antimonopoly Committee of Ukraine (AMCU) fined “Vinara” LLC, the importer of the dietary supplement “HepaReal,” 993,900 UAH for providing false information regarding the product’s properties.

According to the AMCU, it determined that Vinara had disseminated information on the supplement’s packaging and online that directly positioned “HepaReal” as a hepatoprotective agent and attributed to it properties that may be characteristic, in particular, of medicinal products in the corresponding group.

“Vinara LLC failed to provide adequate evidence to substantiate the claimed properties of the dietary supplement, taking into account its full composition. Based on the results of the case review, the committee concluded that the information disseminated by Vinara LLC regarding the properties of the ‘Hepareal’ dietary supplement is false,” the committee noted.

The AMCU also determined that the market for the production and sale of medicinal products classified as hepatoprotective drugs—specifically, those containing the same active ingredient as listed in the composition of the “HepaReal” dietary supplement—is competitive.

“The Committee concluded that the company (IF-U) could have misled consumers regarding the properties and intended use of the dietary supplement ‘HepaReal’ and influenced their decisions to purchase it. As a result of such actions, Vinara LLC may have gained an unfair competitive advantage,” the statement notes.

Based on the results of the case review, the AMCU found that Vinara LLC’s actions constituted a violation under Article 15¹ of the Law of Ukraine “On Protection Against Unfair Competition” and imposed a fine of 993,937 UAH on the company.

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AMCU Fined “DE TRADING” 50 Mln UAH for Anti-Competitive Practices in Electricity Auctions

The Temporary Administrative Board of the Antimonopoly Committee of Ukraine (AMCU) fined DE TRADING LLC 50 million UAH for anti-competitive concerted practices that distorted the results of five electricity supply auctions.

According to a statement by the AMCU following its September 8 meeting, violations were found in the actions of “DE TRADING” and “Torgovaya Elektricheskaya Kompaniya” LLC. The total estimated value of the procurements covered by the committee’s decision exceeded 1.5 billion UAH.

For violating the legislation on the protection of economic competition, “DE TRADING” was fined 50 million hryvnias. The second party involved in the case—“Torgovaya Elektricheskaya Kompaniya”—was fined 60 million hryvnias. The total amount of sanctions amounted to 110 million hryvnias.

The primary business activity of “DE TRADING” LLC is electricity trading.

According to YouControl, 100% of the company’s authorized capital is owned by PJSC “Energoinvest Holding.” Its ultimate beneficial owners are listed as Andriy Zinatullin, with a 46% stake, and Alina Pylypenko, with a 40.52% stake.

Zinatullin is also one of the co-owners of “Torgovaya Elektricheskaya Kompaniya” LLC, holding a 24.9% stake in its authorized capital.

Original source: AMCU decision dated September 8, 2026.

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“Kingston” Acquires ‘Illinsky’ Business Center in Kyiv

The Antimonopoly Committee of Ukraine (AMCU) has granted JSC “ZNVKIF ‘Kingston’” permission to acquire control over Dmitry Buryak’s LLC “Business Center on Illinskaya.” According to a statement on the agency’s website, the relevant approval was granted on Thursday.

According to data from the YouControl analytical system, the ultimate beneficiary of JSC “ZNVKIF ‘Kingston’” (Kyiv) is listed as Oleg Vysotsky, who served as head of the State Consumer Standards Service in 2006.

The owner of “BC on Illinska” LLC (Kyiv) is listed as “Concern Europe” LLC (100%), and the ultimate beneficiary is businessman Dmytro Buryak.

The “Ilyinsky” Business Center is part of the portfolio of the DeVision group of companies, whose board of directors was chaired by Buryak. According to information on the business center’s website, its total area is 44,200 square meters, with 37,100 square meters of office space. The underground parking garage has 154 parking spaces.

DeVision is also developing the Seven residential complex in the Darnytskyi district of the capital in partnership with Stolitsa Group. In addition, Buryak owns the company that commissioned the construction of the “Ilyinsky” residential complex at 21 Naberezhno-Khreshchatytska Street in Kyiv’s Podilskyi district.

As previously reported, Oleg Vysotsky’s Comfort Mol LLC received approval from the AMCU in August 2026 to acquire a single property complex from Osta Plus LLC, owned by Alexander and Sergey Buryak.

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Antimonopoly Committee of Ukraine announced that it had uncovered cartel conspiracy in capital’s waste collection market

The Antimonopoly Committee of Ukraine (AMCU) announced that it had uncovered a long-standing cartel conspiracy in the capital’s household waste collection services market, as well as the manipulation of the results of a 2021 tender for the procurement of these services, and decided to fine the municipal enterprise (ME) “Kyivkomunservice” and eight other companies a total of 313.3 million UAH.

According to the AMCU, “Kyivkomunservice,” Altfater Kyiv LLC, “Volodar–Roz” LLC, “Kyivspetstrans” PJSC, “Kramar Recycling” LLC, “Celtic” LLC, and “Spetskommuntechnika” LLC divided the market among themselves as part of a cartel agreement, thereby restricting other companies’ access to it.

For this, on July 31, the Committee’s board fined them a total of over 175.8 million UAH and ordered them to cease the aforementioned violations.

In another decision on the same day, the Board imposed a fine on the same municipal enterprise and four other companies from the previous list (Altfater Kyiv LLC, Volodar–Roz Firm LLC, “Celtic” LLC and “Spetskommuntechnika” LLC), as well as “Profpererobka” LLC and “Kramar Eco” LLC, for 137.5 million UAH for distorting the results of a 2021 tender—held pursuant to an order from the Kyiv City State Administration—to select a contractor for household waste collection services.

“It has been proven that the participants did not compete with one another for the right to perform the contract but had agreed in advance on the division of roles, resulting in the victory of one of them and the safeguarding of the economic interests of the others,” the AMCU stated in a press release on its website. According to the committee, proceedings in both cases began in June 2025.

In 2025, the municipal enterprise “Kyivkomunservice” increased its revenue by 4% to 875.3 million UAH, while its net profit decreased by 18.5% to 48.7 million UAH.

Source: https://amcu.gov.ua/news/uchasnykiv-kartelnoi-zmovy-v-stolytsi-oshtrafuvaly-na-1758-mln-hrn?v=6a6ce3ab58fa4

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AMCU Approved Varus’s Acquisition of “KOLO” Store Chain

The Antimonopoly Committee of Ukraine (AMCU) has approved the acquisition by Omega LLC—which operates the Varus supermarket chain—of Ariteil LLC, the “KOLO” grocery store chain owned by Gennadiy Butkevych, a co-owner of the ATB Corporation.

The approval was granted on Thursday, July 16, according to the agency’s website.

“This deal will be one of the largest in the Ukrainian retail market in 2026. The merger will significantly strengthen the company’s position in the convenience retail segment. The combination of Varus’s extensive expertise and KOLO’s many years of experience in the ‘neighborhood store’ format will create a solid foundation for further business expansion,” reads a statement from Varus on Facebook.

According to information on the KOLO website, the chain currently operates more than 250 stores in Kyiv, the Kyiv region, and Odesa. The first “KOLO” store opened in Kyiv in 2017.
According to the YouControl analytical system, the owner of Ariteil LLC is JSC “ZNVKIF ‘Magnitar’,” with Hennadiy Butkevych listed as the ultimate beneficiary.

In 2025, Ariteil LLC’s revenue grew by 23% compared to the previous year, reaching 3.2 billion UAH. The net loss increased to 124.9 million UAH. At the end of the year, the company’s total assets amounted to 1.1 billion UAH.
Varus is a national supermarket chain represented in Ukraine’s grocery retail market by the company “Omega.” The first store opened in 2003 in Dnipro. Currently, there are 119 supermarkets in various cities across Ukraine.

The chain operates in several formats: traditional supermarkets, To Go stores, and the Varus.ua online store.
Omega LLC is owned by the Cypriot company “Vegant Enterprises Limited,” with Valery Kiptik and Ruslan Shostak as the ultimate beneficiaries.

As of the end of 2025, Omega LLC increased its revenue by 20% compared to the previous year, to 24 billion UAH, while net profit rose by 37.8%, to 41.4 million UAH.

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AMCU has authorized “AB Diamant Ukraine” to acquire control over energy company

The Antimonopoly Committee of Ukraine has granted permission to AB Diamant Ukraine LLC, whose ultimate beneficial owner is Chinese citizen Cai Yi, to acquire control over more than 50% of Power Energy Katyuzhanka LLC.

“AB Diamant Ukraine LLC has been granted permission to acquire control over Power Energy Katyuzhanka LLC through the direct purchase of shares in the authorized capital, which ensures a majority of more than 50% of the votes in the company’s highest governing body,” – states the AMCU’s decision dated July 9, 2026.

Power Energy Katyuzhanka LLC was founded on September 20, 2023, with a registered capital of 8.746 million UAH. The company’s primary activity is the production of electricity.

The ultimate beneficial owner of Power Energy Katyuzhanka LLC, holding a 100% stake, is Roman Petruchenko—co-founder of SPP Development Ukraine, a Ukrainian group of companies in the renewable energy sector.

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