The Antimonopoly Committee of Ukraine has granted Risoil-Kherson LLC permission to operate the Kherson seaport as a concession.
The Antimonopoly Committee of Ukraine announced this in a statement, the CFTS portal reports.
"The Risoil-Kherson company has been granted permission to indirectly acquire concession assets belonging to the state-owned Kherson Commercial Seaport," the statement said.
The statement noted that Petro Oil and Chemicals LLC and Risoil S.A. (Switzerland) created Risoil-Kherson LLC to participate in the concession tender for the Kherson seaport.
"At the end of January 2020, the Antimonopoly Committee of Ukraine received an application from Risoil-Kherson LLC for permission to indirectly acquire control of concession assets belonging to the state-owned Kherson Commercial Seaport and the state-owned Ukrainian Seaport Authority that are used for performance of economic activities involving provision of stevedoring services in the Kherson seaport," the Antimonopoly Committee of Ukraine said in the statement.
Petro Oil and Chemicals LLC and Risoil S.A. plan to invest UAH 215.735 million in the planned transaction.
"The participants in the acquisition have a combined share of about 2% of the market of cargo handling services in seaports in the stevedoring sector. Given that the concession does not entail monopolization or significant restriction of competition on Ukrainian commodity markets, the Antimonopoly Committee of Ukraine granted permission for the acquisition," the Antimonopoly Committee of Ukraine said.
As reported, a court suspended the Ukrainian Ministry of Infrastructure’s order that approved the results of the concession tender for the Kherson commercial seaport in February this year but another court later lifted the suspension.