The court overturned the AMCU's decision regarding Zaporizhzhya Transformator.

by Editor • 11.09.2015 • 0 Comments

A court ruling overturned the Antimonopoly Committee's decision to deem PJSC Zaporizhtransformator and PJSC Zaporizhzhia Plant of Heavy-Duty Transformers as violators of competition law, according to Nashi Groshi.

Last December, the Zaporizhzhia Heavy-Duty Transformer Plant and Zaporizhtransformator agreed on tender proposals for the purchase of transformers for several regional power companies. The Antimonopoly Committee of Ukraine (AMCU) deemed this a violation of competition law. In early 2015, the decision was suspended for review, but it was reinstated in June.

In response, Zaporizhzhia businesses filed a lawsuit against the AMCU's decision, but the claim was only partially upheld—the court overturned the June decision, upholding the December one. Simply put, the AMCU's decision remained in effect, but was suspended for a more thorough review.

It's worth noting that Zaporizhtransformator and the Zaporizhzhia Plant of Heavy-Duty Transformers, which it owns 64% of, are associated with Russian oligarch Konstantin Grigorishin. It's also worth noting that Ukrenergo planned to purchase transformers from Grigorishin's plant in the first half of the year, at inflated prices. This was thwarted by the actions of the Antimonopoly Committee of Ukraine.

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