AMCU denies receiving resubmitted Fire Point stake sale application, contradicting CEO’s claims

Ukraine’s Antimonopoly Committee (AMCU) has not received a resubmitted application regarding the acquisition of a stake in Ukrainian defence company Fire Point by UAE-based defence holding EDGE Group. This was reported by Suspilne, citing the AMCU’s response to its inquiry.

“No repeated application for merger clearance involving the entities mentioned in the request (EDGE Group and Fire Point LLC — ed.) has been submitted to the Committee during the current year,” the AMCU said in its response.

The statement contradicts comments made by Fire Point CEO Iryna Terekh in an interview with Defender Media in March 2026. At the time, she said: “The committee returned our first application, so we added the necessary documents and submitted it again.”

The intention of Fire Point’s owners to sell a 30% stake to the UAE sovereign wealth fund first became public in December 2025. At that time, BBC News, citing sources within the company, reported that EDGE Group was ready to pay $760 million.

At the end of April 2026, discussions surrounding the deal surfaced in the so-called “Mindich tapes”, transcripts of which were published by Ukrainska Pravda. According to the outlet, the Fire Point–EDGE Group deal was discussed last year by anti-corruption investigation figure Timur Mindich and then-Defence Minister Rustem Umerov.

Later, Fire Point co-founder Denys Shtilerman responded publicly to the publication of the recordings. Meanwhile, the Anti-Corruption Council under Ukraine’s Ministry of Defence called on President Volodymyr Zelensky to nationalise the company.