The Antimonopoly Committee of Ukraine may approve Akhmetov's purchase of the Dnipro Metallurgical Plant.

The Antimonopoly Committee of Ukraine (AMCU) is reviewing a case regarding the concentration in the form of an indirect acquisition by Metinvest BV (Amsterdam, the Netherlands) of assets in the form of an integrated property complex, collectively supporting the business activities of the production and sale of metal products, owned by the public joint-stock company Dneprovsky Iron and Steel Works (hereinafter referred to as OJSC DMK) (Kamenskoye, Dnipropetrovsk region, Ukraine). This was reported on Online AMCU

“When analyzing the case materials and assessing the impact of the declared concentration on the competitive environment in the involved commodity markets, the Committee established the presence of possible negative effects on the commercial cast iron market.

In compliance with Article 31 of the Law of Ukraine "On the Protection of Economic Competition," Metinvest V.V. submitted proposals for the obligations that the participants in the concentration are willing to assume to eliminate the potential negative impact of the concentration on competition, which will allow the Antimonopoly Committee of Ukraine to decide on granting permission for the concentration," the statement reads.

Let us recall that the main shareholders of the Metinvest Group are the SCM Group (71,24%), owned by the Ukrainian businessman Rinat Akhmetov, and the Smart Holding Group (23,76%), the founder Vadim Novinsky.

Ранее Skelet.Org reported that The Gambling Commission has denied permission for the Dnepr Hotel to open a casino.

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Skelet.Org

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