Ukraine's MHP cleared to buy controlling stake in UK logistics co KK&Sons Group

MOSCOW. April 5 (Interfax) - Ukrainian agribusiness group MHP has secured regulatory approval to acquire a controlling stake in KK & Sons Group Ltd, a logistics company based in the United Kingdom.

"Permission has been granted to MHP SE (Limassol, Cyprus) to acquire shares in KK & Sons Group Ltd (London, United Kingdom) that will secure more than 50% of votes in the company's highest management body," Ukrainian media reported the country's Antimonopoly Committee as saying on its website.

KK & Sons Group is a private limited liability company that has divisions in China (KTL China), the Netherlands and Belgium (KTL Benelux), the UK (KTL Europe), Turkey (KTL Turkey), Vietnam (KTL Vietnam), the United States (KTL USA) and Australia (KTL Australia). In Ukraine, the group's interests are represented by KTL Ukraine, which has offices in Odessa (near the main seaports of Odessa, Chernomorsk and Yuzhny), in Kiev, Dnepr, Kharkov and Borispol.

KTL Ukraine specializes in marine container shipments, air cargo, truck and train shipments, brokerage services, arranging freight storage and handling and chartering various types of vessels. The company's beneficiaries are Andrei Kuzmin, Igor Khokhlov and Sergei Kocherin.

MHP is Ukraine's largest chicken producer, and also makes processed meat products, grows grains and produces sunflower oil. MHP's founder, majority shareholder and CEO is Ukrainian businessman Yury Kosyuk.