The Antimonopoly Committee of Ukraine has approved an application of China’s Bohai Commodity Exchange (BOCE) to acquire a stake in the share capital of PJSC PFTS Stock Exchange (Kyiv), the press service of the committee has told Interfax-Ukraine. As reported, BOCE early May 2018 asked the Antimonopoly Committee of Ukraine for preliminary conclusions on the acquisition of over 25% of shares in PFTS. The application was returned, as information was not disclosed in a proper way. Late September, the Chinese exchange repeatedly submitted the documents.
PFTS Stock Exchange is one of the oldest in the Ukrainian stock market. In 2017, the volume of exchange contracts on the PFTS amounted to UAH 64.34 billion, and this indicator was less only compared with the Perspectiva stock exchange (UAH 127.43 billion), but it is more than at the Ukrainian Exchange (UAH 13.41 billion). The main volume of trading fell on government bonds – UAH 57.99 billion, while the turnover of shares amounted to UAH 3.16 billion, bonds of enterprises – UAH 3.19 billion.
PFTS in 2017 received a net profit of UAH 0.82 million against a net loss of UAH 1.78 million a year earlier, increasing revenues by 61.5%, to UAH 9.45 million.
Its main shareholders are Parvana Ltd. with 8.9034% of shares, Crooxton Limited – 9.0596%, Primeview Ltd. – 8.4973%, Dakal Ltd. – 9.372% and Boline Ltd. – 9, 2158%, which beneficiaries are unknown.
The Antimonopoly Committee of Ukraine (AMC) has allowed Sumitomo, a Japanese corporation, to acquire a 51% stake in British-based Oscar Agro Limited, which owns Spektr-Agro and Spektr-Agrotekhnika (both based in Obukhiv, Kyiv region). “Oscar Agro is a company in the UK that was created for this project. Oscar Agro owns 100% of the shares of Spektr-Agro and Spektr-Agrotekhnika, while Sumitomo will acquire 51% of the shares of Oscar Agro,” Sumitomo Corporation told Interfax -Ukraine.
The AMC also gave permission to Ihor Lavreniuk, Vasyl Skarlat and Volodymyr Lobach (Spektr-Agro and Spektr-Agrotekhnika) and Sumitomo Corporation for concerted actions in the form of restricting competitive behavior and refusing to lure employees for five years.
Spektr-Agro LLC was founded in 2009. It currently operates throughout Ukraine, distributes plant protection products, fertilizers, seeds and agricultural equipment for more than 3,500 agricultural producers in the country.
Sumitomo Group is one of the largest Japanese corporations. It includes companies in the financial sector, engineering, electrical industry, ferrous and nonferrous metallurgy, etc.