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Ukrainian competition agency fined Austrian company for buying control stake in Diamantbank

Ukrainian competition agency fined Austrian company for buying control stake in DiamantbankUkraine's Antimonopoly Committee has fined Aramis Management (Vienna, Austria) for acquisition of over 50% of shares in Inter-Vent LLC and Techno-Invest LLC that grants the indirect purchase of up to 50% of shares in Diamantbank (all based in Kyiv) and permitted the company to buy the shares, the committee has said in a press release.

The fine was UAH 85,000. The fine is imposed twice for the purchase of over 50% in Inter-Vent LLC and over 50% of Techno-Invest LLC.

According to the National Bank of Ukraine (NBU), as of July 25, 2016, the share of Inter-Vent LLC and Techno-Invest LLC of the charter capital of Diamantbank was 24.8% each, and Aramis Management held 1% in each company.

The only beneficiary of Aramis Management was Austrian citizen Florian Koschat.

Participants of Inter-Vent LLC are Ihor Kerez and Andriy Schukin with equal shares – 49.5% each, and that for Techno-Invest LLC – Viacheslav Tsyhanenko and Kerez with 49.5% each.

Diamantbank was registered by the NBU in November 1993. According to the bank, as of March 25, 2016, its largest shareholders were Ihor Kerez (46.48% indirectly), Davyd Zhvaniya (23.81%), Andriy Schukin and Viacheslav Tsyhanenko (12.28% each indirectly).

The bank ranked 21st among 109 operating banks as of April 1, 2016, in terms of total assets worth UAH 7.725 billion, according to the NBU.
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