KIEV, April 25 – Vadim Novinsky's Smart-holding is acquiring a stake of over 90% in the oil and gas production company Ukrgazvydobutok and 100% in Gasenergy LLC (both based in Kiev), the Competition Commission of Serbia reported.

Cypriot Lovitia Investment Ltd. acts as a buyer of the assets.

Smart-holding in 2012 said that it is buying a stake in Ukrgazvydobutok oil and gas company that earlier belonged to Ihor Voronov and Oleksandr Hrynko, but it has not yet announced the finalization of the deal. As of September 2012, Britain's Morgan Gas Limited held a 99.65% in Ukrgazvydobutok.