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 of another economic activity subject.
Dragon Capital Ltd. was founded in 2000. It is one of the biggest invest companies of Ukraine. It has been working in direct investments and financial service areas. Dragon Capital Ltd. represents a full range of investment banking and broker services for enterprise and private customers. Goldman Sachs bank has been owing to the Dragon Capital minority interest since 2007.
Read also: The AMCU fined the producer of soft drinks for 145 thousand UAH
The Kyiv Court of Appeal denied to Russia’s Vnesheconombank (VEB) in recognition of the decision of the arbitrator of the Arbitration Institute of the Stockholm Chamber of Commerce, which, at the request of VEB, the Ministry of Justice of Ukraine was obliged to stop the forced sale of 99.77% of Prominvestbank shares. The court agreed […]
Ukrainian farmers may lose up to 118 billion hryvnias this year due to drought and frost. This was reported by the press service of the Agrarian Union of Ukraine. “This year, even the critically affected regions (Odessa, Mykolaiv, Kherson, Zaporizhia regions), despite the promises of the state, did not receive a single penny of assistance,” […]
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The professional jury will select three winners who will receive UAH 100,000 for the development of their own businesses. The first-place winner will present products in her own “corner” in one of the two Vsi. Svoi stores on Khreshchatyk. All three winners will present their products at the online platform vsisvoi.ua and will receive mentor sessions […]
The American corporation Microsoft has received permission from the New Zealand Department of Foreign Investment to build data centers in Auckland. This is stated in a statement issued by the agency on Wednesday. “New Zealand subsidiaries of Microsoft Corporation received management’s approval of foreign investments to purchase business assets, including various land, to further creation […]
According to the Investor`s news, in 2020, the volume of transactions worldwide mergers and acquisitions (M & A) totaled $ 1.97 trillion. The publication noted that major transactions between IT-companies account for almost one fifth of the total. According to the global data provider and stock market infrastructure Refinitiv, the volume of the deals of […]
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Microsoft`s shares fell slightly on Monday before the opening of trading due to the news of the failure the deal of buying the popular application TikTok in Chinese ByteDance. Through the support of the deal by President Donald Trump, Shares of Oracle, which is considered №1 candidate of buying TikTok increased by 10% before the […]
The state food and grain corporation of Ukraine (SFGCU) provided an active work on previous years receivables return. As Ukrsadprom association reported,229 million of UAH and the taken measures into accounts of the corporation were still returned. Andrew Kovalenko, deputy director of economic security department and financial risks of JSC SFGCU noted: “Practically all receivables […]
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The LetterOne Holding (L1), one of whose shareholder is the billionaire Mikhail Fridman (who was born in Lviv, and who is one of the shareholders of Alfa-Bank Ukraine), invested $ 200 million in Uber taxi service. This is stated in the message of LetterOne. “I am very pleased with our strategic partnership with Uber. As […]
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Huawei Technologies Co. Ltd. is going to open the department in Ukraine. The representatives of Ukrainian delegation who had visited the Eastern country with diplomatic purpose informed about it. The parties have discussed the perspectives of countries cooperation in the sphere of economy and business. The main thing was R&D centre and laboratory opening on the […]
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National Bank of Ukraine (NBU) classified Avant-Bank (Kyiv) as insolvent. The decision approved by the Decree №44 of January 29, 2016, presses the service of the National Bank. NBU explained the decision as the shareholders of the bank have no “clear plans for the replenishment of the bank’s liquidity and default of customers’ operations within […]
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President of Ukraine Petr Poroshenko has signed the law on the abolition of compulsory registration of foreign investments, which took the Verkhovna Rada of Ukraine on 31 May. This report announced on the website of the President of Ukraine. The law abolishes certain articles of the statutes of the Economic Code of Ukraine and the […]
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The American company Rivian Automotive purchased the plant, formerly owned by the Japanese carmaker, and intends to use it for the production of electric cars. The reason for the suspension of production by the former owner at the Illinois plant was the fact that the model, which was produced there (light SUV Outlander Sport / […]
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Shares of Johnson & Johnson rose by 0.68% on Thursday, ahead of the growth of the S&P 500 index by 0.32% after as the company announced that it plans to begin the final phase of a clinical trial of its COVID-19 vaccine in September. Shares of J&J recovered after losses in February and March and […]
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The state bank “Oschadbank” plans to recover in court more than $ 100 million from the largest producer of mineral fertilizers in Ukraine – “Stirol” concern. It is reported by UNIAN with reference to the Unified State Register of court decisions. The question is about $ 100 million debt of the concern, that is the […]
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Hong Kong is known to all as the home of world capitalism. In contrast to the politicized financial centers in mainland China, where according to local residents the markets are transparent and the rights of minority shareholders are protected. As a proof of this is an example of the fact […]
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Shares of Ford Motor Co dropped to 1.93% on Friday after the closing of trading on Thursday, automaker reported results of achievement in three months from April to June. Since the beginning of the year, Ford shares have fallen by 28.9%. Ford Motor reported second-quarter losses of – $ 0.35 per share, which is better […]
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Regulators fined the largest French mobile operator – The Orange Company in the amount of € 350 million. The reason for the fine is the abuse of a dominant market position. The supervisory authorities of France conducted an investigation and determined that since the early 2000, Orange fraudulently suppressed the competition in their field. The […]
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