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Mykolaiv  >  News  >  Maritime Sector
AMCU has permitted FLC West Holding S.a.r.l to buy Aker Yards Ukraine Holding AS company to which belongs «Damen Shipyards Ocean»
Jul 21 2008, 11:50

NIKOLAEV, JULY, 21ST, 2008, CONTEXT-PRICHERNOMORIE — Antimonopoly committee of Ukraine (AMCU) has given to FLC West Holding S.a.r.l company (Luxembourg) the sanction to purchase Aker Yards Ukraine Holding AS (Norway) to which, in turn, belongs 98,737 % of Nikolaev ship-building Open Joint Stock Company «Damen Shipyards Ocean», IA “Context-Prichernomorie” correspondent reports.

It is informed in the official AMCU site.

The specified transaction will provide FLC West with over 50 % of voices in the supreme body of Aker Yards Ukraine Holding management. The transaction, besides shipyard in Nikolaev, includes also the enterprises in Vissmar and Varrenmund (Germany).

As the agency informed in March of this year, ship-building concern Aker Yards has informed on sale of Russian investment company FLC West by 70 % of shares in Norwegian Aker Yards Ukraine Holding AS entering into «Trading vessels» division for 291 million 900 thousand Euro. Thus 30 % stays in the Aker Yards Ukraine Holding AS property.

INFORMATION: FLC West is the Russian investment company with a leasing portfolio of 1.5 billion dollars.

FLC West realizes investment projects on development of shipbuilding and cargo transportations in interests of Russia. FLC West Headquarters, 50 % of which belongs to FLC group, is located in Luxembourg. The others 50 % are in the property of the private Cyprian investment company Almiar Investment Ltd controlled by private shareholders. «Damen Shipyards Ocean» has increased the net profit by 8.7 % — up to 500 million 740 thousand UAH in 2007. And has also reduced the net loss in 14.6 times — up to 6 million 600 thousand UAH.

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