Home Business The Anti-Monopoly Committee of Ukraine allowed Horizon Capital to buy control package...

The Anti-Monopoly Committee of Ukraine allowed Horizon Capital to buy control package of Datagroup

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More than 50 % of Datagroup Holding Limited will be controled by Horizon Capital.

Anti-Monopoly Committee of Ukraine allowed the Cypriot company Lorimer Ventures Limited (owned by US investment fund Horizon Capital) to buy more than 50 % in the Datagroup Holding Limited company, which owns Datagroup telecommunications operator. This was stated in the announcement of the state department.

Prior to the acquisition of Datagroup Holding Limited will continue to own 84 % of Datagroup shares. Horizon Capital is a minority shareholder of the operator since 2010.

As a reminder, in summer 2010 the top management of “Datagroup” announced attracting the investments in the amount of USD 40 million for company development. The investor was Horizon Capital, the management company for private equity funds. Over the next two years Datagroup worked together with Horizon Capital to attract additional investment in the amount of up to USD 100 mln.

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