NIKOLAEV, OCTOBER, 11TH, 2008, CONTEXT-PRICHERNOMORIE — Antimonopoly committee allowed the company Avangard Shipyards International AG (Switzerland) to buy more than 50% of shares of Nikolaev shipbuilding factory “Liman” (Nikolaev), IA «Context-Prichernomorie» correspondent reports.

This was reported by the press-service of Antimonopoly committee of Ukraine.

The company Avangard Shipyards International AG deals with investment and doesn’t carry out agriculture activity in Ukraine.

INQUIRY: The public corporation “Shipbuilding Factory “Liman” (till August 2008 – The Black Sea Ship Mechanical Factory) as an independent enterprise appeared on the basis of shops of Nikolaev marine commercial port in 1886. Ship repair has been the main kind of activity of the enterprise for many years.

At present the Shipbuilding factory “Liman” deals with building and repair of vessels (including yachts, cutters, ships) with length under 70 m, dock weights under 800 t.

The year of 2007 ended with the loss of 1mln 938 thousand UAH for “Liman” that reduced net effective income by 59.86% or by 6 mln 645 thousand to 4 mln 457 thousand UAH “Liman”.