The Antimonopoly Committee (AMCU) has begun consideration of the case of concentration in the form of the acquisition by the Cypriot company Vesco Limited of shares in PJSC Chasovoyarsk Refractory Plant in the Donetsk region, which ensures the excess of 50% of the votes in the supreme governing body of the company. This was reported by the press service of the Committee, reports БизнесЦензор.

 

“This case was initiated with the aim of conducting an in-depth study of the effect of concentration on commodity markets in which participants of the corresponding concentration act, in particular refractories (refractory products and materials), as well as refractory clays, which are raw materials for the production of refractories,” it was reported.

According to the information in the information disclosure system of the Stock Market Infrastructure Development Agency, as of the second quarter of 2019, Zaporizhstal Zaporizhstal PJSC owns a 24.99% stake in Chasovoyarsk Refractory Plant PJSC. The remaining large blocks of shares belong to the family of the former people's deputy from the Party of Regions in 2006-2014, Vladislav Lukyanov.

Vesco Limited is a part of System Capital Management (SCM) Rinat Akhmetova and unites the enterprises Vesco, Druzhkovsky Ore Mining, Ogneupornerud.
The company is the largest clay mining enterprise in Ukraine with high plasticity, white color and strength after firing, used for the production of ceramic tiles, porcelain, earthenware, glass, crystal, electrical insulators, sanitary ware, brick and tile.

 

Based on materials: http://www.ukrrudprom.com