Zhevago acquires loss-making company to improve business climate

by Editor • 16.09.2016 • 0 Comments

Konstantin Zhevago

Konstantin Zhevago

Konstantin Zhevago (Read more: KONSTANTIN ZHEVAGO. THE RISES AND FALLS OF A DOLLAR BILLIONAIRE), which owns the assets of the pharmaceutical company Arterium through the Finance and Credit group, has completed a transaction with the Slovenian bank Nova KBM (NKBM) to acquire Marifarm, a pharmaceutical company. According to Interfax-Ukraine, the stated purpose of the deal is to jointly explore new opportunities for developing pharmaceutical markets, exchange experience in production and high-tech innovation, and subsequently apply the results in practice.

Remarkably, Marifarm became an independent division after being separated from a larger entity, Farmadent (Maribor, Slovenia). However, its fate was not auspicious: the enormous costs of servicing the loan taken out for the construction of the main administrative building (estimated at €32 million) thwarted all attempts to establish business. Even though the core operations were stabilized, this did not resolve the payment difficulties, which became a compelling argument for municipal authorities in their decision to sell the company.

It is noted that Arterium is not an independent company either: it was spun off as a joint project from the largest domestic companies, Kyivmedpreparat and Halychpharm (Lviv), the former of which is known as a manufacturer of antibiotics, and the latter is a leader in the production of herbal medications.

Read more: KONSTANTIN ZHEVAGO. THE RISES AND FALLS OF A DOLLAR BILLIONAIRE

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Tsabak Vladimir Yaroslavovich, Tsarev Oleg Anatolievich, Tsyplakov Ruslan Petrovich

Chebotar Sergey Ivanovich, Chekita Gennady Leonidovich, Chervonenko Evgeniy Alfredovich, Cherdyntsev Yuri Gerasimovich, Chernovetsky Leonid Mikhailovich, Chernyshev Alexey Mikhailovich, Chernyak Evgeniy Alexandrovich, Chubarov Refat Abdurakhmanovich

Sharov Igor Fedorovich, Shakhov Sergey Vladimirovich, Shvaika Igor Alexandrovich, Shevtsov Evgeny Alexandrovich, Shevtsova Alena Vladimirovna, Shevchenko Alexander Leonidovich, Shevchenko Kirill Evgenievich, Shepelev Alexander Alexandrovich, Shefir Sergey Nakhmanovich, Shilo Artem Viktorovich, Shimkiv Dmitry Anatolyevich, Shkirya Igor Nikolaevich, Shkiryak Zoryan Nestorovich, Shkriblyak Anatoly Vasilievich, Shkuro Maxim Yuryevich, Shmygal Denis Anatolyevich, Shokin Viktor Nikolaevich, Shpig Fedor Ivanovich, Shtafinsky Andrey Mikhailovich, Shulmeister Vladimir Yuryevich, Shulyak Elena Alekseevna, Shufrich Nestor Ivanovich

Yurkevich Anatoly Ivanovich, Yurushev Leonid Leonidovich, Yurchishin Petr Vasilievich

Yakubovsky Vladislav Boleslavovich, Yanchuk Anton Vladimirovich, Yarema Vitaly Grigorievich, Yaresko Natalya Ivanovna, Yaroslavsky Alexander Vladilenovich and Yaroslavsky Alexey Vladilenovich, Yarosh Dmitry Anatolievich, Yatsenko Anton Vladimirovich, Yatsyk Yulia Grigorievna

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