Business news from Ukraine

ANTIMONOPOLY COMMITTEE PERMITS TIGIPKO TO BUY PHARMACY BUSINESS

The Antimonopoly Committee of Ukraine has permitted Cypriot T.A.S. Overseas Investments Limited, the key shareholder of which is ex-Deputy Prime Minister Sergiy Tigipko, to acquire pharmacy business of the Kosmo retail chain.
According to the report, the acquisition would grant over 50% of the votes in the management body of the company to Tigipko.
As reported, at the end of 2018, the TAS pharmacy chain (TAS Pharma LLC), part of the TAS Group, announced its plans to buy 60 pharmacies in the near future, boosting the number of pharmacies to 153 by February 2019. It was about three transactions for the purchase of pharmaceutical networks consisting of 26 and 34 pharmacies.
TAS Group was founded in 1998. It has assets in financial and industrial sectors, agriculture, real estate, pharmaceuticals and venture projects. The founder and main shareholder of the group is Sergiy Tigipko.
Currently the TAS chain has 114 pharmacies, including 71 located in Kyiv.
The pharmacy business of the Kosmo retail chain, which is under control of SigmaBleyzer investment fund, has 28 pharmacies in Kyiv city and region.

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COMPETITION AGENCY PERMITS TIGIPKO TO BUY KUZNYA ON RYBALSKY PLANT

The Antimonopoly Committee of Ukraine has permitted Sergiy Tigipko to acquire over 50% of shares in private joint-stock company Kuznya on Rybalsky plant (Kyiv) indirectly via Avins Limited (Cyprus).
“Citizen of Ukraine was permitted [indirectly via Avins Limited (Cyprus)] to acquire shares in PrJSC Kuznya on Rybalsky plant (Kyiv, Ukraine), which will grant over 50% of the votes in the management body of the company,” the committee said in an official report on Friday.
As reported, the committee received Tigipko’s application on September 26, 2018.
Earlier the TAS Group belonged to Tigipko said that the group has reached a preliminary agreement on acquisition of PrJSC Kuznya on Rybalsky Plant.
“After receiving a permit from the regulator, the sides plan to continue finalizing the deal,” the group said.
The cost of the deal and the term for finalizing it are not disclosed.
Kuznya on Rybalsky is a famous shipyard on the Ukrainian market. The key shareholder in the plant privatized in 1995 is the non-diversified corporate investment fund Prime Assets Capital (earlier Petro Poroshenko fund, Kyiv).

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