Antimonopoly Committee allows Epicenter to buy pipeline construction business

KYIV. Dec 1 (Interfax-Ukraine) – The Antimonopoly Committee of Ukraine (AMCU) has allowed the Epicenter K network to acquire the assets of the construction company Ukrgazbud.

“Permission has been given to Epicenter K LLC to acquire assets in the form of a single property complex owned by the private joint-stock company Ukrgazbud,” the AMCU stated in a published statement.

According to the annual financial statements for 2022, the value of assets of PrJSC Ukrgazbud amounted to UAH 679.2 million, net loss – UAH 10.845 million, and liabilities – UAH 279.5 million. The final beneficiaries are Oksana Myronenko, Petro Lozovsky, and Oleh Yarmolatiy.

As indicated on the company’s website, Ukrgazbud was the world leader in petrochemical construction in the 80s. It carried out construction both in Ukraine and in Russia, Belarus, Western Europe, the Middle East and Africa, producing more than 50,000 km of steel pipelines. In addition, it developed gas and oil fields, built underground gas storage facilities, pumping and compressor stations.

Epicenter K LLC was created in 2003 and opened its first hypermarket in Kyiv in December of the same year. Today it is developing the country’s largest network of shopping centers, Epicenter, which is a market leader in the retail trade segment of household goods and repairs.

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