AMCU is to consider acquisition of Kuznya on Rybalsky by Tihipko

On October 18, the Antimonopoly Committee of Ukraine should decide on permission granting to Serhiy Tihipko to buy indirectly more than 50% in Plant "Kuznya on Rybalsky, PrJSC, Kyiv, through Evinz Limited (Cyprus).

The respective issue was included into agenda of the AMCU meeting. 

Tihipko's application was received by the Committee on September 26, 2018. The application was processed by the Committee. 

Recently Tihipko's TAS Group reported on preliminary agreement to by Plant "Kuznya on Rybalsky, PrJSC. "We are to continue deal formalizing after the receipt of regulator's permission," the Group's press service responded to the official request of Interfax-Ukraine. Price and terms of the deal are not disclosed. 

Plant "Kuznya on Rybalsky, PrJSC, is one of the most famous shipbuilding plant of Ukraine. OJSC CNDCIF Prime Assets Management (previously, Petro Poroshenko's Fund, Kyiv) is the major shareholder owning 73.9067% in plant which privatization was conducted in 1995. The Fund also concentrates Ukraine's Prsident Petro Poroshenko's assets. 

The second major shareholder is PJSC CNDCIF VIK that concentrates assets of MP Ihor Kononenko.