Coca-Cola cannot produce kvass in Ukraine during the next two years

Coca-Cola cannot produce kvass in Ukraine during the next two years

11.05.2016 News

Coca-Cola cannot produce kvass in Ukraine during the next two yearsThe Antimonopoly Committee of Ukraine ordered the Irish “daughter” of Coca-Cola to refrain from the competing with the “Kvass Beverages” company, which it  sold to the Nova Intertrade Ltd company (Belize) for two years.

“The European Refreshments company undertakes not to exercise, not to have a stake, and not to contribute to competitive activity in Ukraine never during the next two years after the signing of the contract, either directly or indirectly, on their own behalf, on their own or on behalf of any person or persons”, – said in a statement of the antimonopoly authority.

Such obligations of subsidiary of Coca-Cola are concerned with the transaction for the sale of its assets “Kvass Beverages” to the Nova Intertrade Ltd Company (Belize), which the AMCU allowed at the end of April 2016.

“Kvass Beverages” operates in the production and sale of soft drinks (kvass, lemonade) and wort concentrate.

Coca-Cola bought the Zaporizhye factory of soft drinks, which produced kvass under the trade mark  “Yarylo”, in 2009.

According to the database “SPARK-Interfax”, as of November 2012 Nova Intertrade Ltd was the owner of “Strim Torg”, LLC, in September 2012 ” Strim Torg ” was owned by Ivan Neverovsky.

According to the data of the Uniform state register of legal entities and individuals, “Strim Torg”, LLC is engaged in the production of bread and bakery products, food trade, beverages, tobacco products. Its beneficiary is the “Askania Corp.” company (Nevis Island).

Source: delo.ua

Other articles

  • Poland postponed the beginning of the exploration of gas in Ukraine
    News

    Poland postponed the beginning of the exploration of gas in Ukraine

    Polish oil and gas company PGNiG has postponed the start of gas exploration in Ukraine to the first half of 2021, said the head of the company Jerzy Kwentczycki. “PGNiG also intends to participate more actively in projects related to hydrocarbon production in Ukraine. The company plans to start exploring of the natural gas in […]

  • Robot has learned how to cook 19 dishes and will replace some of the staff in the kitchen
    News

    Robot has learned how to cook 19 dishes and will replace some of the staff in the kitchen

    The robotics company Miso Robotics has launched the robot Flippy, which is able to replace part of the staff in the kitchen of the restaurant. “Flippy goes on sale in the midst of the pandemic and supports the cooking of 19 different dishes, including fries and burgers made of the artificial meat of the Impossible […]

  • Ukrainian banks for three months closed 250 branches
    News

    Ukrainian banks for three months closed 250 branches

    In July-September 2020, Ukrainian banks closed 251of the structural subdivisions, reducing the regional network to 7329 branches by October 1. This is stated in the data of the National Bank. Most branches in the third quarter were closed by the state Oschadbank – 166, reducing its total number to 1931. During the same period, the […]

  • In Japan reported about cyberattacks on the vaccine developers
    News

    In Japan reported about cyberattacks on the vaccine developers

    Since April of this year, Japanese companies and organizations involved in the development of the vaccines that protect against coronavirus infection, periodically experience cyber-attacks. This was announced on Monday, October 19, by Kyodo news agency, with the reference to the experts of the American company CrowdStrike, engaged in the cybersecurity. According to experts of the […]

  • J&J reported about the strong quarter
    News

    J&J reported about the strong quarter

    Shares of Johnson & Johnson, which rose till 1.44% over the past week, on Tuesday closed with a decrease of 2.3%, despite on the publication of a better-than-expected Wall Street experts, a report for 3 fin. quarter. Investors are concerned about the potential consequences of ending the large-scale study of the J&J vaccine against COVID-19, […]

  • Johnson & Johnson suspends the study of the COVID-19 vaccine due to unexplained disease in the participant
    News

    Johnson & Johnson suspends the study of the COVID-19 vaccine due to unexplained disease in the participant

    Shares of the Johnson & Johnson may slow because the last stimulus to it was the company’s transition to the final clinical trial of the vaccine against COVID-19 on September 23, after which the shares rose by more than 5%. However, as of Tuesday, before the opening of trading, the price of J&J shares did […]

  • JP Morgan’s net profit for the nine months fell by 39%
    News

    JP Morgan’s net profit for the nine months fell by 39%

    The net profit of one of the world’s largest investment banks JP Morgan Chase (USA) in January-September 2020 decreased by 39% compared to the same period last year and amounted to 16.995 billion dollars, according to the report of the investment bank. Adjusted earnings per share were $ 5.09 against $ 8.15 a year earlier. […]

  • Citigroup’s net profit for the nine months fell twice
    News

    Citigroup’s net profit for the nine months fell twice

    Net profit of one of the largest financial corporations in the world Citigroup Inc. in January-September 2020 fell twice, compared to the same period in 2019 to $ 7.068 billion, follows from the reporting of the corporation. Adjusted earnings per share were $ 2.97 against $ 5.89 a year earlier. The financial giant’s revenue for […]

Read also

Coca-Cola cannot produce kvass in Ukraine during the next two years
News

Three banks have legal proceedings with the Creative

Two state banks have filed a lawsuit against the Creative  regarding the reimbursement of debts. In particular, Ukreximbank  wants to recover  57.71 million UAH and $ 7.84 million of arrears on the loan agreement dated November  17, 2008. Also Oschadbank wants to compensate another $ 25.24 million. In addition, Piraeus Bank ICB is trying to […]

Next
Coca-Cola cannot produce kvass in Ukraine during the next two years
Analytics News

Formation of corporate governance in Ukraine

According to the State Statistics Service, as of January 1, 2017, there are 15 206 join-stock companies registered in Ukraine, 3 122 of which are the public companies. Although the Ukrainian independence celebrates its 25- year anniversary already, only recently the national business has started to review the governance system and the system of effective […]

Next
Coca-Cola cannot produce kvass in Ukraine during the next two years
News

The AMCU fined 4 dairy enterprises in Khmelnytskyi

Khmelnytskyi regional territorial office of the Antimonopoly Committee of Ukraine  has fined the privately-operated enterprise “Prometey consulting firm” in the name of the branch “Slavutskyi Butter Plant”, “Ryhalsky factory of the  desiccated milk ” LLC,  “Bimol” LLC, “Biscuit-Milk” LLC for 36.828 thousand UAH for anticompetitive concerted actions in the milk procurement market for industrial processing.  The Regional territorial office  found […]

Next
Coca-Cola cannot produce kvass in Ukraine during the next two years
News

Gulliver: «… there is no base for court decision on the arrest of the property “

Ukrainian media notified again about the arrest of accounts of the shopping center Gulliver. The repeat arrest . It was publicized en masse, invoking the statement by the press service of the prosecutor’s office of Kyiv. According to the media, in a statement of the Metropolitan Prosecutor’s it is talking about the fact that “in […]

Next
Coca-Cola cannot produce kvass in Ukraine during the next two years
Analytics News

The instruction for the investor if the builder doesn’t fulfil the liability

Considering features of construction business of Ukraine, investors often come up against a situation when the builder isn’t able to fulfil properly the liabilities – whether it be a delay of the termination of a construction or “frost” of an object. As a rule, the majority of cases with liabilities execution suspension by the builder […]

Next
Coca-Cola cannot produce kvass in Ukraine during the next two years
News

General Motors introduced the concept of electric car

Automaker General Motors has introduced the Buick Electra Concept. The electric car is designed for four people and has a minimalist design. The car can travel more than 660 km without recharging. It takes 4.3 seconds to accelerate to 100 km / h. The total power of the two engines reaches to 583 horsepower. It […]

Next
Coca-Cola cannot produce kvass in Ukraine during the next two years
News

IBM has introduced a new generation POWER10 processor for hybrid cloud computing

Corporation of International Business Machines Corp on Monday announced an edition of a new central processing unit (CPU) for data centers POWER10. According to the company’s press release, the processor is made in the form factor of 7 nm with increased energy efficiency and three times better workload capacity than the previous generation of IBM […]

Next
Coca-Cola cannot produce kvass in Ukraine during the next two years
News

The court arrested the shares and assets of the Odessa oil refinery

The Primorsky District Court of Odessa arrested the property and the shares of the Odessa oil refinery of the prosecutor’s office suit and the application of the state enterprise Ukrtransnefteprodukt, which was all movable property of the refinery previously transferred to. This is stated in the judgments  from 19 January. The arrest imposed on the […]

Next
Coca-Cola cannot produce kvass in Ukraine during the next two years
News

The AMCU fines Dragon Capital by more than 118 thousand UAH

According to Interfax-Ukraine, Antimonopoly Committee of Ukraine (AMCU) has fined the Dragon Capital Ltd. in the amount of 118,194 thousand UAH by Dragon Capital Ltd. Production concentration  more than 50%. According to a law of economic competition defence, the committee permit is obligatory during the economic activity subject concentration with more than 50% of shares […]

Next
Coca-Cola cannot produce kvass in Ukraine during the next two years
News

Britain reduced its shares in Lloyds to less than 6%

On Monday, the Cabinet of Ministers of the United Kingdom officially announced the implementation of more than 700.000 million shares of the largest national retail bank Lloyds Banking Group total value of which, at the close of the stock market on Friday, estimated at 481 million pounds. Thus, a majority of assets owned by the […]

Next
Coca-Cola cannot produce kvass in Ukraine during the next two years
News

Who has led Formula 1 ?

The deal on the absorption by the US company Liberty Media group of companies Formula 1 is currently closed. Liberty Media has confirmed the completion of the absorption of the prestigious auto-racing Formula 1, and said that a new CEO position will head Chase Kerry. He succeeds his predecessor, Bernie Ecclestone. It became known from […]

Next
Coca-Cola cannot produce kvass in Ukraine during the next two years
News

The largest financial investor EBRD provided “Ukrainian Agrarian Investments” with $ 20 million

European Bank for Reconstruction and Development (EBRD) provides a revolving credit facility for $ 20 million for working capital of the “Ukrainian Agrarian Investments” company, that has more than 70 farms in northern and western Ukraine. This loan replaces the previous funding of $ 13 million, which was granted to “Ukrainian Agrarian Investments” in 2014. […]

Next
Coca-Cola cannot produce kvass in Ukraine during the next two years
News

The National Commission of state regulation of the financial services market

The National Commission, carrying out state regulation of the financial services market by its order №1467 agreed to increase participation by Allianz Holding eins GMBH (Austria) in ODO «Allianz Ukraine” (Kiev) to 99.999% by direct acquisition of 99.978% from its share capital.  As reported, at the beginning of this year, the National Commission, carrying out […]

Next
Coca-Cola cannot produce kvass in Ukraine during the next two years
News

Foxconn invests to the opening of a factory in China about $ 4, 65 billion

Foxconn, which manufactures electronic equipment, announced that it intends to invest $ 4,65 billion in the construction of a new factory in Guyame, China, the purpose of which is to create  new modern LCD screens. Legally, the new venture will own the Century Technology Fund and Guyam city in China. Percentagewise  the fund  receive 76% […]

Next
Coca-Cola cannot produce kvass in Ukraine during the next two years
News

UkrLandFarming implements an investment project on building a port terminal

The construction of the port terminal is a major investment project for UkrLandFarming. This was told by the founder and owner of the agricultural holding Oleg Bakhmatyuk in an interview to the  Latifundist.com. “The main investment project, for which we will raise money, is the construction of the port terminal. In my opinion, today there […]

Next
Coca-Cola cannot produce kvass in Ukraine during the next two years
News

The Billionaire Bill Ackman sold 5 million shares of Valeant Pharmaceuticals to cover tax losses

Bill Ackman, the owner of the Pershing Square Capital Management investment firm recently announced that he sold 5 million shares in a major pharmaceutical company Valeant Pharmaceuticals. Thus,  his part fell from 9.9% to 8.5%. In an official statement, which was provided by the USA regulatory authorities stated that the sale aims to cover tax […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com