Wednesday, 28 October

The TAS Group of Sergiy Tigipko has reached a preliminary agreement on the acquisition of PrJSC Kuznya on Rybalsky Plant (both based in Kyiv), the press service of the group told to Interfax-Ukraine on Thursday.

“At the current stage an application to buy shares in PrJSC Kuznya on Rybalsky Plant has been submitted to the Antimonopoly Committee of Ukraine. After receiving a permit from the regulator, the sides plan to continue finalizing the deal,” the press service said in response to the official inquiry by Interfax-Ukraine.

“The cost of the deal and its terms are not disclosed. The TAS Group will announce its plans on the further development of the enterprise after receiving the permit from the Antimonopoly Committee of Ukraine,” the press service said.

Kuznya on Rybalsky is a famous shipyard on the Ukrainian market. The key shareholder in the plant privatized in 1995 is the non-diversified corporate investment fund Prime Assets Capital (earlier Petro Poroshenko fund, Kyiv).

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