10:38 17.09.2020

Too early to initiate violation case regarding purchase of shares in Motor Sich by Chinese investors – competition agency head

2 min read
Too early to initiate violation case regarding purchase of shares in Motor Sich by Chinese investors – competition agency head

The Antimonopoly Committee of Ukraine continues studying issues related to the lawfulness of the earlier purchase of PJSC Motor Sich's shares by Chinese investors, in particular, the need to obtain the appropriate permission from the committee, the head of the committee, Olha Pischanska, has said.

"It is too early to talk about the initiation of a violation case. Today we are still collecting and analyzing the necessary information in order to draw appropriate conclusions," she said in an interview with Interfax-Ukraine.

Pischanska said that only last week there was another response from representatives of Chinese shareholders regarding the circumstances of financing the acquisition of Motor Sich's shares, as well as other information needed to analyze the real control relationship between Chinese shareholders.

The head of the committee rejected the criticism of the committee from Oleksandr Yaroslavsky's DCH after the return of the application for the purchase of Motor Sich shares to the company, noting an aggressive PR campaign against the agency.

She said that the DCH group's application did not meet certain requirements, so it was returned to the applicant.

"I would like to draw your attention to the fact that the return of the application does not deprive the applicant of the right to submit a new application with corrected information to the committee. To date, the DCH Group has not repeatedly applied to the committee," Pischanska said.

She said that on the eve of the receipt of the application from the DCH Group by the Antimonopoly Committee of Ukraine continues studying issues related to the lawfulness of the earlier purchase of PJSC Motor, the old applications were withdrawn by the applicants, and the committee closed the corresponding concentration cases.

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