Business news from Ukraine

Business news from Ukraine

VARUS NETWORK BUYS BILLA SUPERMARKETS IN DNIPRO AND ZAPORIZHIA

21 September , 2017  

KYIV. Sept 21 (Interfax-Ukraine) – The Antimonopoly Committee of Ukraine (AMC) has permitted Saltora Plus, Ariant Firm, Milton-Group (all based in Dnipro) to acquire assets in the form of integrated property complexes of enterprise with foreign investments Billa-Ukraine (Kyiv).
According to data posted on the AMC website on September 7, Saltora Plus and Ariant plan to buy Billa supermarkets at 8 Kondratiuka Street and 2 Heroiv Avenue in Dnipro, while Milton-Group plans to buy a Billa supermarket at 2 Yatsenka Street in Zaporizhia.
According to the state register, equal shares in these three companies are held by Kingsbarns Holdings Limited and Mitaly Holdings Limited (both based in the British Virgin Islands).
As reported, the AMC by its decisions on December 15, 2016 allowed the owners of the Varus supermarket chain, Valeriy Kiptyk and Ruslan Shostak, to gain control over Kingsbarns Holdings Limited and Mitaly Holdings Limited.
According to the Billa-Ukraine website, on September 20, 2017 the network united 17 supermarkets in Kyiv, Obukhiv (Kyiv region), Zhytomyr, Dnipro, and Odesa.