The Ukrainian businessman V. Novinsky is going to close transaction lasting since 2011

The Cypriot Lovita Investments Ltd is going to buy 77.13% in Ukrgazvydobutok CJSC. Lovita Investments reports that neither the company nor its affiliated persons hold any shareholding in Ukrgazvydobutok.

In the end of April 2013, the Antimonopoly agency of Serbia permitted to Lovitia Investment to buy over 90% in Ukrgazvydobutok.

Smart-Holding announced about the intention to buy Ukrgazvydobutok from the businessmen I. Voronov and A. Grinko in 2011 but, in connection with the technical and legal peculiarities, has not announced about the closure of the transaction as yet.

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