The National Commission for Communications Regulation (NCCR) intends in early November 2017 to announce a tender to obtain licenses for providing 4G communications services in the 2,600 MHz range. According to a report on the regulator’s website, the decision to conduct conversion and issue licenses on a competitive or tender basis was made at a … Read more
Auchan Retail Ukraine, part of France’s Auchan Group managing the Auchan hypermarket chain in Ukraine, has sold a 20% stake in the Furshet supermarket chain in Ukraine to VI2 Partners Investment Company. “The decision is in line with the global strategy of Auchan Retail Ukraine envisaging the development of the multi-formats under the unified brand. … Read more
Metinvest B.V. (the Netherlands), the parent company of the Metinvest mining and metal group, boosted capex by 66% year-on-year, to $193 million. According to an unaudited consolidated financial report, the expenditure on maintenance projects accounted for 89% of total investments (64% in H1 2016) and on expansion projects for 11% (36%). The metallurgical segment accounted … Read more
The Antimonopoly Committee of Ukraine (AMC) has allowed businessman Sergiy Tigipko to indirectly acquire VS Bank (Lviv), which belongs to Russia’s Sberbank, according to a press release from the AMC. According to the report, the acquisition of shares will provide the buyer with over 50% of the voting shares on the bank’s board.