DCH Group received a response of the Antimonopoly Committee of Ukraine to the submitted application for the purchase of shares in PJSC Motor Sich. The document states that the Antimonopoly Committee of Ukraine did not accept the application for consideration. The following text lists a few technical procedural points which justify the Committee’s decision and a request for additional information.
In particular, concerning assets in commodity markets that are not related to the core business of PJSC Motor Sich, which is an aircraft construction. Namely,
‘According to the information of the applicants, the list of legal entities given in the table “Other legal entities where Motor Sich owns corporate rights”, JSC Motor Sich exercises control over Motor Sich Clinic LLC. The main activity of the LLC is the provision of medical services. Medical Centre Nasha Nadezhda LLC provides general medical practice to the DCH group.
In the financial services and securities market (Firm Motor-Dealer LLC [controlled by PJSC Motor Sich and Development Construction Holding LLC, Asset Management Company Heritage Investment Management LLC, BANK CREDIT DNEPR JSC (DCH group)].
Taking into account the abovementioned, we should additionally note whether agricultural products of PJSC Motor Sich (potato planters, potato diggers, harrows, plows, cultivators, mounted rotary mower) be used as attached (additional) equipment for tractors manufactured by PJSC KhTZ or not? If yes, please provide the corresponding information.’
According to the current legislation, the return of the application does not deprive the applicant of the right to apply to the Antimonopoly Committee of Ukraine again.