Saturday, August 23, 2014

Will Rothschild Poroshenko rid of the title of “oligarch”? – Ukraine News | News Agency Kharkov

Will Rothschild Poroshenko rid of the title of "oligarch"? – Ukraine News | News Agency Kharkov

 Poroshenko

Kiev, August 23.

Investment company with a long history in the Rothschild consortium with Ukrainian investment group” Investment Capital Ukraine »(ICU) selected Ukrainian president to prepare and organize the sale of assets belonging to him.

“The work on the immediate implementation process will begin next week,” – said happily in the program “Schemes “CEO and co-chairman of Rothschild & amp; Cie Giovanni Salvetti , announced to the world on completion of the signing of the relevant contract.



«The company is one of the leading advisers agreements mergers and acquisitions “, – he added. As for the group “Investment Capital Ukraine”, launched in June 2006, that it is composed of: an investment company, an asset management company and the Bank “Avangard».

Even before June 20, co-owner and chairman of the board of directors of ICU was Valeria Gontareva, now – the head of the National Bank of Ukraine (on this post parliament approved it just on the proposal Poroshenko). The net asset value of funds under management of public investment group (as of July 1, 2014) – More than 329 million UAH.

After assigning its interest in the ICU Gontareva, of course, sold. It should be noted that the business billionaire Poroshenko has promised to sell even earlier – during the election campaign: if he intended to do so immediately after the presidential election (of course, in case of victory).

Status “chocolate magnate” by the end of last year, the magazine Forbes-Ukraine estimated at $ 1.3 billion and posted it the sixth-richest Ukrainians. Analysts were of the view that the president will have to sell the business to the detriment of themselves as from an economic point of view, the time for this, frankly, is not the best. But not so simple.

In the meantime, according to the “Ukrgosreestra” Ukrainian head of state is the sole owner of the holding “Prime Assets Capital”, and directs them to his father Alexei Poroshenko. It is on this giant multi-wound all the assets of Peter Alexeyevich.

 State Register

Excerpt from” Ukrgosreestra »

The main one is, of course, the corporation Roshen – a huge company with a large volume of exports. Under the parent structure – Central European confectionery company – it includes Vinnitsa, Kiev, Kremenchug confectionery factories in Ukraine, Lipetsk – in Russia, Klaipeda – Lithuania and factory Bonbonetti Choco – in Hungary. In April 2014, the Corporation launched the winery also Dairy Plant.

According to the site Roshen, the total production of the corporation is 450 thousand. Tons of confectionery per year, the band released 320 different products – sweets, cakes, waffles and others.

In the world ranking Candy Indusrty Top-100 2014 Roshen occupies 20th place with net sales of $ 1.021 billion.

As for the Russian market, it is interesting to recall this fact : immediately after last year’s scandal involving a ban Rospotrebnadzorom candy Roshen (and Ukrainian media called the beginning of a trade war with Russia) Poroshenko poorer by about a quarter of a billion dollars, for one third of production Roshen implemented in the Russian Federation.

Business structure Poroshenko

Business structure Poroshenko according to Ukrainian media

Poroshenko also owned (wholly or partly) “Sevastopol Marine Plant”, Kiev plant “Lenin’s smithy”, “Peskovsky Glassware Factory” (Kyiv region.), the insurance company “Krajina”, International Investment Bank, battery plant “Energoavtomatika” in Dnepropetrovsk, the telecommunications company “Screen.”

In addition to the industrial business, Mr. President, and is engaged in agriculture. Its agricultural holding “Ukrprominvest-Agro” combines food company “skirts” (deputy director general of which is the eldest son of Poroshenko Alex), as well as the company’s “Group Agroprodinvest”, “Dawn of Podolia”, “Agricultural” Dneproagrolan “,” Mas Agro ” , “Agricultural” Invankovtsy ».

Poroshenko also produces starch in Dnepropetrovsk enterprise” Interkorn Korn Prosessing Industry “and” Dnieper starch plant, “and sells it via the” Association of Starch. ” In addition, he owns a sport club “The Fifth Element” in Kiev.

And finally, the media business, the President presented the “fifth channel” Truskavets “TV TRT” radio “Nico-FM”, “Radio 5 – Retro FM “Odessa” Radio Next », and Drogobych” Your Radio “. Some of them sell Poroshenko, of course, excluded: that the data media resources (“Channel Five”, above all) almost the most objective in the world.

By the way, his biggest asset was as a share in avtokorporatsii “Bogdan Motors” (produced by cars and buses), but he has repeatedly assured the public that a few years ago went out of business. Officially, of course.

Poroshenko

Worth pay tribute to the business acumen of President

However, it is necessary to pay tribute to entrepreneurship and “business acumen” of the current president : to build their Poroshenko business started, leaving only student’s desk.

A graduate of the Institute of International Relations at first simply reselling cocoa beans and spices, and twenty years later it was already called chocolate king, who created her sweet empire based confectionery factory named. Karl Marx and the famous Soviet brands “Kiev cake” and “Evening Kiev».

It is possible, thereby flair and is due to sale Petro Poroshenko maximum amount of its assets – such sudden and belated simultaneously – right now he needs tools retaining its “trending” and “preserve the brand».

But now we are talking about the president’s rating.

«Poroshenko now needed victory. He needed to hold elections to the parliament, to put together a parliamentary majority, “- says the leader of the opposition of the Southeast, the Speaker of the Parliament of New Russia Oleg Tsarev .

According to experts, in the eyes of President of the electorate should be possible to distance themselves from other Ukrainian oligarchs, thus showing that he is willing to fight to the key problem of the country – corruption.

«When this process is completed, is not so important. The main thing – to declare its intention – says the analyst Olga Koltunova . – Poroshenko – not the person who will sell their assets at a price significantly below the market, especially as it does not formally restrict any timeframe. In other words, hurry Poroshenko particularly nowhere. And make promises, which are not easy to perform, it is not the first time – he had promised to return the Crimea to Ukraine ».

As well as the so-called complete ATO” for a few hours ».



«Buyers Poroshenko assets is likely to be its direct competitors, who are willing to acquire successful companies main competitors – suggests analyst FIBO Group Yuri Tsigush . – Sell plants real market value Peter unlikely.

I think that to get 60-70% of the market price – in this case it will be very successful deal for the new president of Ukraine. If it were not for the need to sell their assets, Poroshenko this would not do. You also need to be aware of potential “fictitious” sales of property, which will be advantageous to him. This can be attributed as showing inflated prices and the inability to sell assets and sell them to their “partners relatives” with the possibility of further repurchase ».

That’s probably why Ukrainian economists expect a transparent procedure: “In my opinion, it would be best to sell the business in the form of an auction. To the whole of Ukraine in online mode could see that Poroshenko sold and to whom it has departed, “- said the head of the Committee of Economists of Ukraine Andrew Novak .

 Roshen - Athens

Roshen – Athens. A year ago, the corporation was worth about $ 1.5 billion.

«I think that the actual sale Roshen will not just give the company some structures for which will be stand the same Poroshenko. This is entirely in the tradition of Ukrainian big business, as well as Russian, by the way, “- says Janis Kulikovskii , the ex-CEO of confectionery house” Shandeni ».

Ukrainian political strategist Andrei Zolotarev in general refers to a statement on the sale of assets forced Poroshenko:

«Because people require separation of business from politics. He said that he wants a hearing society. However, I think Poroshenko partially fulfill the promise to avoid reputational losses. But it should be clearly less than two years. In the West, some of the major settlement of transactions lasts for years.

«Channel Five” it will not sell, because it is very well aware of the potential of information technology. However, for the Europeans practice when a person involved in politics, is the head of the state and at the same time owns the media – is unacceptable ».

Elena Dmitrieva

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