The Antimonopoly Committee of Ukraine (AMCU) has granted permission to the Cyprus-based Mitali Holdings Ltd. and Ukrainian citizen Alina Kiptyk to create Evapay LLC, follows from the committee's decision.

According to a document published on the AMCU website, access to information about the new company is limited. These persons will exercise joint control over Evapay LLC.

The Committee also said that, according to the information of the applicants, their total share in the same product market does not exceed 15%, and also does not exceed 20% in the market for products, without the acquisition/sale of which the economic activities of other participants in the concentration are impossible.

Thus, the AMCU came to the conclusion that the concentration would not lead to a significant restriction of competition in the market and granted the appropriate permission.

As reported, in 2019, co-owners of the EVA and Varus networks Valeriy Kiptyk and Ruslan Shostak were granted permission from the Antimonopoly Committee of Ukraine to acquire direct control over Kingsbarns Holdings Limited and Mitali Holdings Limited (both British Virgin Islands), respectively, which had shares in the owner company EVA networks.