KYIV, July 23 – Smart Holding considers the decision of the Antimonopoly Committee of Ukraine (AMCU), made on Thursday, to cancel the committee's permission to purchase 29.8% of shares of Kharkivoblenergo unreasonable and unfounded.

"The materials of the AMCU do not indicate, in particular, what information about Kharkivoblenergo from other participants in the concentration is unreliable, and how it influenced the committee's adoption of an illegal or unreasonable decision to grant Smart Holding (Cyprus) Ltd permission to acquire shares of Kharkivoblenergo. According to the current antimonopoly legislation, this is a prerequisite for canceling the AMCU's decision," the company said in a press release.