Roshen
According to representatives of the financial companies hired by Petro Poroshenko to sell the Roshen Group, the deal could drag on for a long time. They explain this decision by the fact that in the former Soviet republics and Eastern Europe, such transactions typically take a year or more. Furthermore, the unstable situation in our country makes the timing inopportune for selling the group inappropriate. This was stated by Giovanni Salvetti, Managing Director of Rothschild CIS, which is tasked with finding a buyer for the Roshen confectionery group. He believes the situation could improve in the first or second quarter of 2015.
Besides Roshen, there is an agreement to sell one of the President's other assets. This was announced by Makar Paseniuk, managing director of the Kyiv-based company ICU and Poroshenko's financial advisor. However, the specific deal in question was not specified.
Even though the company sold $640 million worth of products in the first 10 months of this year, which is 35% less than last year, the Roshen concern is a profitable enterprise.
President Poroshenko also owns other assets, including real estate and stakes in a bank, an insurance company, and a Crimean shipyard. The president himself estimated his personal income for 2013 at 51,8 million hryvnias (approximately $6,3 million). Poroshenko's salary as president is 18,27 hryvnias per month.
As previously reported, the Swiss company Nestlé and the American company Mondelez, which owns the British confectionery company Cadbury, are interested in acquiring the Roshen concern. However, representatives of these companies have not commented on this information.
As Poroshenko stated earlier, there is no talk of selling Channel 5.
Subscribe to our channels on Telegram, Facebook , Twitter , VK - Only new faces from the SKLEP section!