The AMCU fined a Hungarian buyer of Ukrainian companies

News

The AMCU fined a Hungarian buyer of Ukrainian companies

09.04.2021 News

At a meeting on Thursday, April 8, the Antimonopoly Committee of Ukraine fined the Hungarian company Üttema Kereskedelmi Korlátolt Felelősségű Társaság UAH 65 million for acquiring two Ukrainian companies – Kyivshlyakhbud LLC and Rostdorstroy LLC without obtaining concentration permits. This was reported by the press service of the AMC.

According to the Committee, in October 2018 Üttema acquired shares of Rostdorstroy, and in November of the same year – shares of Kyivshlyakhbud.

At the same time, the participants in the concentration applied to the AMCU for permits only in June 2020 – almost two years later.

The AMCU explained that the cost indicators of the participants in the concentration in 2017 exceeded the threshold values, so the concentration was to be carried out only after obtaining the permission of the Committee.

For this, the AMCU found Üttema a violator and imposed a total fine of UAH 64.77 million.

The Committee also found that the share of participants in the concentration in the national market of road and highway construction in 2015-2019 and the first nine months of 2020 was 10%.

Therefore, the AMCU granted Üttema permission to acquire a share in the authorized capital of these companies.

Other articles

  • Amazon fined $ 887 million in Europe
    News

    Amazon fined $ 887 million in Europe

    The Luxembourg National Data Protection Commission has fined Amazon $ 887 million for violating the processing of users’ personal data. The Commission has decided that the processing of Amazon’s personal data does not comply with EU data protection regulations. Claims are related to showing customers relevant advertising. This is a record fine for such violations […]

  • In China, industrial growth has slowed sharply
    News

    In China, industrial growth has slowed sharply

    China’s industrial growth, which began in the country a year ago, has slowed markedly since the crisis caused by the coronavirus pandemic. According to the Purchasing Managers’ Index (PMI) released by the Chinese State Statistics Office on Saturday, July 31, the figure fell to 50.4 points in July. In June, it was 50.9 points. A […]

  • Naftogaz told how Ukraine can defeat NS-2
    News

    Naftogaz told how Ukraine can defeat NS-2

    Ukraine continues to work on prevention the Russian Nord Stream-2 gas pipeline from operating. The methods by which Kyiv hopes to prevent the launch of the gas pipeline were revealed by the head of Naftogaz Yuriy Vitrenko in an interview with Radio Svoboda. “The battle is lost, but the war is not lost. And our” […]

  • The Cabinet of Ministers denied the statement about toll roads
    News

    The Cabinet of Ministers denied the statement about toll roads

    Infrastructure Minister Oleksandr Kubrak denied his deputy Anna Yurchenko’s statement about toll roads in Ukraine. The day before, she said that six such roads are planned to be built in Ukraine and called the estimated cost of travel on them. “I will explain why this information is not true, and what is really happening,” Kubrak […]

  • McLaren has introduced a new convertible
    News

    McLaren has introduced a new convertible

    The car manufacturer McLaren has introduced a new sports convertible McLaren 765LT Spider. The sports car is equipped with a 4-liter twin V-8 turbo engine with 755 horsepower and 590 Nm of torque. The car accelerates to 96 km / h in 2.7 seconds. The maximum speed reaches 280 km / h. It is reported […]

  • Apple, Microsoft and Alphabet’s profits rose to record highs
    News

    Apple, Microsoft and Alphabet’s profits rose to record highs

    The profits of the American technology companies Apple, Microsoft and Alphabet increased significantly in the second quarter of 2021. This was reported by the BBC. It is noted that Apple’s profits have increased to 21.7 billion US dollars over the past three months amid an increase in purchases of 5G iPhone. Microsoft generated $ 16.5 […]

  • BMW is forced to shut down factories due to a shortage of microchips
    News

    BMW is forced to shut down factories due to a shortage of microchips

    Another plant of the German carmaker BMW has been suspended. Next week, the company’s plant in Regensburg will be temporarily closed due to a shortage of semiconductor microchips, a BMW representative told the industry publication Automobilwoche. The plant will be shut down completely throughout the week. After that, a summer break will begin at the […]

  • The ranking of the best airlines in the world in a pandemic has been announced
    News

    The ranking of the best airlines in the world in a pandemic has been announced

    AirlineRatings.com named Qatar Airways the airline of the year. As reported on Tuesday, July 27, the rating of Top Airlines in the World takes into account flight safety, on-board service, passenger comfort and flight routes, as well as the response of airlines to the COVID-19 coronavirus pandemic. Qatar Airways was recognized as the best airline […]

Read also

The AMCU fined a Hungarian buyer of Ukrainian companies
News

Ukrainian-Polish startup Homsters raised $ 600,000 on the bridge round and launched in Vietnam

The Homsters Company, which was founded by  Ukrainian and Polish, and is better known in our country as Prof.Estate, raised $ 600,000 from private investors for the launch of the company in Vientam under the  brand TimHome.vn. Homsters unites three projects: two marketplaces  on real estate (Homsters.kz Timhome.vn in Kazakhstan and TimHome.vn. in Vietnam) and […]

Next
The AMCU fined a Hungarian buyer of Ukrainian companies
News

Yanukovych Jr.’s bank was liquidated

The Deposit Guarantee Fund approved the liquidation procedure, which lasted six years. Now the financial institution is officially considered liquidated. PJSC All-Ukrainian Development Bank (VBR), which belonged to the son of fugitive ex-president Oleksandr Yanukovych, was liquidated as a legal entity. The process has been going on since 2015, according to the press service of […]

Next
The AMCU fined a Hungarian buyer of Ukrainian companies
News

Teva received the permission from the Antimonopoly Committee to deal with the Allergan

The Teva Ukraine company is the part of the Teva Corporation, the  leading international pharmaceutical company specializing in the development, manufacture and marketing of generic and original medicines. The Antimonopoly Committee of Ukraine gave the permission for concerted action in the form of fulfillment of the conditions contained in Articles 9.6 and 9.12 of the […]

Next
The AMCU fined a Hungarian buyer of Ukrainian companies
News

Eurobonds of Ukrzaliznytsia are the most highly profitable investment in 2015

The Bloomberg  News agency estimated the yield a wide range of assets in 2015, ranging from currencies and stock indexes, to commodities and junk bonds. It is in the segment of junk bonds (junk, high-yield bonds) determined the most profitable asset last year – Eurobonds of Ukrzaliznytsia with maturing in May 2018. Investments in this […]

Next
The AMCU fined a Hungarian buyer of Ukrainian companies
News

LG has completely stopped producing smartphones

The electronics company LG has completely stopped producing smartphones. The latest gadgets of this brand are Velvet 2 Pro and LG Rollable. These smartphones never hit the free market. And the rest of the models LG sells to its employees working in South Korea. By the way, the only factory that specialized in the manufacture […]

Next
The AMCU fined a Hungarian buyer of Ukrainian companies
News

TAS Group buys Aegon Life Ukraine

The Ukrainian insurance company TAS Group, belonging to Sergey Tigipko,has absorbed the Netherlands private joint-stock company Aegon Life Ukraine which management made the decision to abandon the Ukrainian market. For shareholders of Aegon Life Ukraine 2015, it has ended with the net loss in the amount of 3,6 million hryvnias. Total receivables of insurers from […]

Next
The AMCU fined a Hungarian buyer of Ukrainian companies
Analytics

The most successful advertizing campaigns for the last 60 years

Why “to speak about itself”  is so important for any business? In the conditions of the competitive struggle for money of the buyer bright, attractive advertizing is the integral attribute of successful business strategy. What is the main secret  how to make the prospective client purchase what you are  offered to buy for him ? […]

Next
The AMCU fined a Hungarian buyer of Ukrainian companies
News

The prosecutor’s office closed the criminal case against VAB Bank main shareholder

The criminal case against the owner of VAB Bank is closed. It is reported by news agency Interfax-Ukraine, referring to the statement of the press service of the Ukrainian company Ukrlandfarming, co-owner of which is also above mentioned businessman Oleh Bakhmatiuk. According to the original source, in the course of an investigation initiated by representatives […]

Next
The AMCU fined a Hungarian buyer of Ukrainian companies
News

Oil prices jumped in the US election

In the background of the general election in the United States world oil prices jumped.This is evidenced by trading data as of Monday morning, November 9. And what about the election, according to preliminary data in the presidential race the Democrat Joseph Biden wins. Thus, the price of January futures for Brent oil on the […]

Next
The AMCU fined a Hungarian buyer of Ukrainian companies
News

The largest US oil company suffered losses for the first time in 40 years

For the first time in 40 years, the American oil company ExxonMobil suffered an annual loss of $ 22.4 billion. Last year the company’s revenue fell by 30.7% to $ 46.5 billion. The agency notes that the company suffered billions in losses due to the coronavirus pandemic and falling demand for oil, as well as […]

Next
The AMCU fined a Hungarian buyer of Ukrainian companies
News

Prada restructures business because of low sales

The famous Italian fashion house Prada has decided to make adjustments  of the management of its business  because of the fact that the company’s sales began to fall. General Director of Prada Patrizio Bertelli  is going to re-equip production and hold a business restructuring. At the end of 2013 the company’s revenues declined, while management […]

Next
The AMCU fined a Hungarian buyer of Ukrainian companies
News

Nezhin fat plant invests $ 50 mln. in the construction of oil-extracting factory

Recently was received an information that Nezhin fat plant will invest in the construction of a new oil-extracting factory. The Company appraises  the need for investment in the construction of this plant in the amount of about $ 50 million (of proprietary funds  and borrowed resources). Nezhin fat plant (Chernihiv region) plans to build the […]

Next
The AMCU fined a Hungarian buyer of Ukrainian companies
News

The Verkhovna Rada has taken a step towards the legalization of cryptocurrencies

The Verkhovna Rada of Ukraine adopted in the first reading the draft law №3637 on virtual assets. LIGA.net reports, 230 people’s deputies voted for this document. According to the explanatory note, the market for virtual assets in Ukraine has been already formed and has existed for about five years, but it is completely outside the […]

Next
The AMCU fined a Hungarian buyer of Ukrainian companies
News

Trump plans to ban Alibaba in the United States

President of the United States Donald Trump is studying the issue of prohibition of Chinese company Alibaba in the US. “Well, yes. We study and other things” – quotes his words the portal. In such way Trump answered for the question of whether the government does not intend to ban the work of other major […]

Next
The AMCU fined a Hungarian buyer of Ukrainian companies
News

Vaccine problems knock down Johnson & Johnson shares by 14.5%

Johnson & Johnson has found a batch of coronavirus vaccine that does not meet quality standards, the company said. Supplier Emergent BioSolutions at a plant in Baltimore manufactured the batch. This batch was not poured into ampoules and was not admitted to the final stages of production, the report said.   Against this background, shares […]

Next
The AMCU fined a Hungarian buyer of Ukrainian companies
News

German-Ukrainian Fund will launch a new program to support the business

German-Ukrainian Fund signed a memorandum of cooperation with the Ukrainian lender Oschadbank. On the eve of this information was posted on the NBU website, which also contains excerpts from the press release of the fund. According to the original source, the collaboration of investors will focus on the maintenance of small and medium-sized businesses. The […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com