Ukrainian president intends to sell Roshen confectionery holding soon
Baku, Azerbaijan, Nov. 17
Ukrainian President Petr Poroshenko expects that the deal on Roshen confectionery holding sale will be concluded soon.
Poroshenko said this in an interview with the German newspaper Bild, TASS reported.
"We are negotiating the deal with one of the largest investment banks," Poroshenko said. "I am confident that we can sign the contracts in the near future."
The business of Roschen confectionery holding, associated with President Poroshenko's family, may be partially sold, Giovanni Salvetti, Rotschild Managing Director in Russia and Ukraine, told TASS earlier.
"In principle, the sale of Russian business Roshen separately from Ukrainian business is not excluded," Salvetti said, refusing to name the concerned investors.
Roshen Confectionery Corporation is the leader of the Ukrainian market and one of the world's largest manufacturers of confectionery. It consists of four Ukrainian factories [Kiev, Vinnytsia, Mariupol and Kremenchuk], two production facilities in Lipetsk, Klaipeda confectionery factory in Lithuania, Hungarian confectionary enterprise Bonbonetti Choco Kft and the Bershad'moloko Dairy Plant.
Roshen produces about 200 kinds of confectionery products. The total production reaches 450,000 metric tons per year.
Poroshenko previously promised to sell the company if he was elected president.
edited by CN