Kazakhstan: Subsidiary of Russian KDV Group Under Investigation for Suspected Price Manipulation
Photo: Grok AI Generated, ill. purposes
KDV Kazakhstan LLP, the Kazakh branch of the Russian holding KDV Group, is under investigation for potential price manipulation, Orda.kz reports.
Kazakhstan’s Agency for the Protection and Development of Competition (APDC) is conducting the inquiry. Authorities suspect the company of engaging in price discrimination and violating national antimonopoly legislation.
According to the agency, KDV Kazakhstan allegedly offered identical confectionery products at varying prices and terms, prompting the antitrust review.
The antimonopoly authority has already sent a notice to KDV Kazakhstan LLP with a proposal to voluntarily eliminate the identified signs of violation. However, the company ignored it, which served as the basis for initiating an investigation,
APDC stated.
KDV Kazakhstan operates as part of the larger Russian food conglomerate KDV Group, which owns 15 manufacturing facilities and produces over 700 product types. These include popular brands like Kirieshki, Babkiny Semechki, Chipsony, Yashkino, 3 Korochki, and Beerka.
The company exports to Kazakhstan and other CIS countries.
Russian businessman Denis Shtengelov founded KDV Group. As of 2023, Forbes estimated his net worth at around $1.3 billion.
In Russia, KDV Group has also faced scrutiny. Two years ago, authorities launched a case against two poultry farms owned by the group for allegedly abusing a dominant market position.
Original Author: Alina Pak
Latest news
- Direct Highway Between Kazakhstan and Mongolia Under Discussion
- Russia May Halt Kazakh Oil Transit to Europe From May 1
- ERG Cuts Cobalt Output in Congo After Export Restrictions
- Why Foreign Investors Complain About Kazakhstan
- Analysts Warn That Rising Costs Are Eating Into Kazakhstanis’ Incomes
- Miners in Kazakhstan May Receive Lifetime Payments
- Kostanay Farmers Again Demand Permission to Shoot Saigas in the Fields
- Health Ministry Reports Increase in Early Cancer Detection in Kazakhstan
- Kazakhstan to Spend 1.1 Trillion Tenge in 2026 to Support People With Disabilities
- Red Book Otter Captured on Camera Trap for the First Time in Almaty Region
- Progress MS-34 Gets Ready for Launch at Baikonur
- Kazakhstan Plans to Employ 17,000 People With Disabilities in 2026
- Where Kazakhstanis Travel and How They Spend on Vacation
- Mongolian President Arrives in Kazakhstan on State Visit
- Testing Will Be Removed From Teacher Certification Over Corruption Risks
- Kazakhstan Tightens Entry Rules for the Financial Market
- Kazakhstan May Limit How Many People Can Be Registered at One Address
- AI Could Replace Some Employees in Kazakhstan’s Telecom Sector
- Astana Braces for Traffic Restrictions During Mongolian President’s Visit and Eco Summit
- No One Left to Work With Livestock? Kazakhstan Prepares State Support for Herders
