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AMCU allowed Agimant Limited Tigipko to buy "Dneprometiz "

Ukraine / Business and Finance

"Dneprometiz " produces hardware products from low-carbon steels. The capacity of the enterprise is 120 thousand tons per year.

AMCU allowed Agimant Limited Tigipko to buy "Dneprometiz "

The Antimonopoly Committee of Ukraine (AMCU) allowed the Cypriot company Agimant Limited of Ukrainian businessman Serhiy Tigipko to acquire sole control over Dealzone Holding Ltd (Rod Town, British Virgin Islands), which owns 98.6578% of shares of one of the largest enterprises for the manufacture of metal products in Ukraine, PJSC "Dneprometiz ", the AMCU voted for the corresponding decision at a meeting on October 8.

As reported, the AMCU on April 25, 2019 considered the issue of the purchase of the enterprise "Dneprometiz " by the "TAS " group from the sanctioned "Severstal " and admitted violations of the legislation on the protection of economic competition in the transaction, imposing " TAS "a fine of UAH 55 million.

The Commercial Court of Kiev overturned the decision of the Antimonopoly Committee of Ukraine (AMCU) to impose a fine and refusal of this concentration.

"Dneprometiz " produces hardware products from low-carbon steels. The capacity of the enterprise is 120 thousand tons per year.

According to the National Depository of Ukraine for the third quarter of 2018, owned by Dealzone Holding Ltd. (British Virgin Islands) has 98.6578% of the shares of "Dneprometiz ".

The authorized capital of PJSC "Dneprometiz " is UAH 83.480 million, the nominal share is UAH 68.08.

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