Business news from Ukraine

TIGIPKO FINED BY ANTIMONOPOLY COMMITTEE OF UKRAINE

The Antimonopoly Committee of Ukraine has fined PrJSC Kuznya on Rybalsky plant (Kyiv) UAH 136,000 for submission of inaccurate information in 2018 in relation to seven companies.
According to the decision made on May 20 by the competition agency, unreliable information was submitted while Sergiy Tigipko received permission to concentrate indirectly the Kuznya on Rybalsky plant’s shares in 2018 through Evinz Limited.
According to the decision, the committee on October 18, 2018 granted permission for concentration, based on information about the relationship of control only with Bud-Renovatsiya LLC and Land Development Ltd. Plus.
At the same time, on December 28, 2018, the committee received a petition from the authorized representative of PrJSC Kuznya on Rybalsky plant, which said: the shipyard is also connected by control relations with a number of subsidiaries – the House of Culture, the Medical Sanitary Department, LK-Metallurgy, catering subsidiary Parus, Housing-Operational Office-LK, Vnesheconomservice and Kyivgeist Investment LLC (all based in Kyiv).
Thus, the House of Culture and the Medical Sanitary Department also lease their own real estate, namely office, industrial and warehouse premises within Kyiv city.
According to the committee, the cumulative share of participants in the concentration in 2016-2018 of the rental industrial real estate market within Kyiv city does not exceed 5%, therefore, the provision of inaccurate information did not affect the committee’s decision to give permission for concentration.

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