Fight over Ukraine’s largest mineral water producer lands in deep waters
Morshynska's competitor is to take over its management, but the future of this arrangement is still uncertain
The fight for the corporate rights of Morshynska, a major water producer in Ukraine, is coming to an end. Soon, Serhiy Ustenko's Karpathian Mineral Waters – Morshynska’s direct competitor – will take over its management.
IDS Ukraine, a company that owns Morshynska and has Russian oligarch Mikhail Fridman among its shareholders, believes that the competitor will destroy the business. IDS Ukraine's management calls for the company to be nationalised in order to ‘save’ it.
The new manager of Morshynska, in turn, promises not to destroy the competitors' plant.
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