Antimonopoly Committee of Ukraine (AMCU) To Have Granted Concession Permit in the Kherson Port

The Risoil-Kherson LLC has become a winner of the concession tender in the port of Kherson.
In order to participate in the concession tender, Petro Oil & Chemicals LLC (Kyiv, Ukraine) and Risoil SA (Geneva, Switzerland) had established the Risoil-Kherson LLC and concluded an Association Agreement, under which they undertake to cooperate and implement the concession project in the port of Kherson.
The Petro Oil & Chemicals LLC and the Risoil SA plan to invest in the planned transaction UAH 215 million 735 thousand.
The Risoil-Kherson LLC, taking into account the relations of control, carries out activities, in particular, with cargo handling in the sea ports of Chornomorsk and Pivdennyi.
The aggregate share of participants in the concentration in the market of cargo handling services in sea ports in the segment of stevedoring activities amounts to about 2%.
Considering that the concession does not lead to monopolization or significant restriction of competition in the commodity markets of Ukraine, the AMCU granted permission for the declared concentration.

Source: AMCU