Luraq Investments Limited (Limassol, Cyprus), part of Georgian Industrial Group (GIG) has acquired 25% of shares in private joint-stock company Indar insulin manufacturer (Kyiv), Ukraine's Antimonopoly Committee reported on Thursday.

GIG operates on the coal production, power generation, gas supply, automobile building, property, media services markets and invests in various economic sectors.

The committee said that a citizen of Georgia controls the group.

The Antimonopoly Committee earlier permitted Luraq Investments Limited to acquire shares of Indar insulin manufacturer. This provides the buyer with over 25% of the votes on the company's board.

The Cabinet of Ministers of Ukraine by its resolution No. 83 dated March 4, 2014 approved the list of state property objects of strategic importance to the economy and national security, which included, in particular, Indar.

Indar was created under a resolution of the Cabinet of Ministers in 1997 under the aegis of Kyiv meat processing plant. In 2012, the state fully reinstated its control over the enterprise which it lost in 2008 when the state stake of 70.7% belonging to Ukrmedprom was sold to Storke Holdings Limited (Belize).