According to him, the ACU has submitted to Parliament a bill, which proposes to increase the merger marginal cost, at which one has to receive permission of the Committee.
Kuzmin explained that today the business entities are required to apply to the competition authorities, if the value of the transaction at their merger exceeds € 12 million According to the bill, this amount must exceed € 30 million, so if the merger cost is lower than this amount, economic entities are not required to obtain a permit in the ACU.
"80-90% of mergers in Ukraine are committed by large industrial groups. About 10-15% are small mergers. In order to avoid these details, we submitted the draft law to the Parliament. In addition, there is requirement of the European community to raise the marginal cost," Kuzmin summed up.
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