Million-dollar fine for Bakhmatyuk’s assets: AMCU punishes American TNA Corporate Solutions for violations in the purchase of agricultural companies
9 December 2025 17:52
The Antimonopoly Committee of Ukraine (AMCU) has imposed fines on the American company TNA Corporate Solutions LLC in the amount of more than UAH 2.2 million for violating Ukrainian law in acquiring controlling stakes in a number of companies that are part of Oleg Bakhmatyuk’s Ukrlandfarming agricultural holding.
This was reported by Interfax-Ukrainian, "Komersant Ukrainian" reports.
What is the nature of the violation?
According to the AMCU, TNA Corporate Solutions LLC acquired stakes in 14 Ukrainian companies exceeding 50% of the votes in the supreme management body without obtaining the necessary regulatory approval. Such a procedure violates the rules of concentration and control over change of ownership in strategic sectors of the economy, including agriculture.
Among the companies whose shares were acquired without permission:
- Avangard Agricultural Holding LLC
- Trade-Agro LLC
- Agrarian Perspective LLC
- Agricultural Enterprise Spring 21 LLC
- Ukrainian-English joint venture “Dubnotsukorinvest”
- and others, a total of 14 companies.
The ultimate beneficiary of these companies, according to YouControl, is a US citizen , Nicholas Piazza.
Scale and significance of the decision
The fine of more than UAH 2.2 million is the result of the AMCU’s control over compliance with the rules of concentration of ownership, which are designed to prevent monopolization and illegal seizure of strategic assets.
The regulator emphasizes that such actions not only violate Ukrainian legislation but also potentially affect the stability of the agricultural market, which employs thousands of people and generates large export volumes.
Oleg Bakhmatyuk’s Ukrlandfarming is one of the largest agricultural holdings in Ukraine
Oleg Bakhmatyuk’s Ukrlandfarming is one of the largest agricultural holdings in Ukraine. Its assets include a wide range of enterprises in agriculture, manufacturing and processing. The AMCU’s action demonstrates the intensification of control over foreign investment and compliance with merger control procedures in strategic sectors of the economy.
The Committee’s decision should serve as a signal to other investors that significant changes in the ownership of Ukrainian companies should be coordinated with the regulator.
