The Antimonopoly Committee of Ukraine officially granted RISOIL permission for the concession of the Kherson Seaport - 06.03.2020

The Antimonopoly Committee of Ukraine officially granted RISOIL permission for the concession of the Kherson Seaport  - 06.03.2020
The Antimonopoly Committee of Ukraine allowed Risoil-Kherson to become a concessionaire in the port of Kherson.
 
This is evidenced by the relevant decision of the Antimonopoly Committee of Ukraine.
 
It is noted that in order to participate in the concession competition "Petro Oil and Chemicals" (Kiev, Ukraine) and the company RISOIL S.A. (Geneva, Switzerland) created “Risoil-Kherson” and concluded an association agreement, under which they undertake to cooperate and implement a project to transfer the port of Kherson to concession. The companies plan to invest in the planned transaction in the amount of 215.735 million UAH.
 
Risoil-Kherson, taking into account the relations of control, carries out activities, in particular, in the transshipment of goods in the sea trading ports of Chernomorsk and Pivdenny. The total share of participants in the concentration in the market of cargo handling services in seaports in the stevedoring segment is about 2%. Given that the concession does not lead to monopolization or a significant restriction of competition in the commodity markets of Ukraine, the Antimonopoly Committee of Ukraine granted permission for the declared concentration, ”the decision states.
 
Recall that the company "Risoil-Kherson" won the tender for the concession of property "Kherson Commercial Sea Port" (KHMP). However, on February 4, the Sixth Administrative Court of Appeal of Kiev suspended the order of the Ministry of Infrastructure of Ukraine No. 16 of January 21, 2020 on the approval of the results of the concession tender and the determination of the concessionaire of the property complex KMP. Co-founder and director of RISOIL S.A. Shota Khadzhishvili wrote that the tender for the KMP concession was transparent. The Ministry of Infrastructure previously reported that it did not agree with the court decision and took measures aimed at appealing against this decision in court.